#LendTech / Google, CFPB Team On Housing, Mortgage Search ‘Experience’

In May, searches for “how to buy a house” reached an all-time high while “refinancing” reached a record high in March.

To help people better understand the mortgage process, Google collaborated with the Consumer Financial Protection Bureau… to create a new mobile experience in Google Search.

Now, when users search “mortgage,” they will find a feature that explains the complicated mortgage process in easy-to-follow steps wherever they may be in the process. In addition, it will connect mobile users to resources, including mortgage rates, news stories, industry definitions and terms. There’s a calculator to determine payments, along with average mortgage rates and refinancing information.