Adoption of "smart" online mortgage applications by credit unions and banks is expected to rise sharply, according to a new survey.

While only 18% of lenders surveyed said they currently offer the technology, 71% said they expect to in the near future.

The survey of 251 banks and 79 credit unions was conducted by New York-based Lieberman Research Group and sponsored by Mortgagebot LLC, a Wisconsin-based provider of online lending technology. Mortgagebot said none of the respondents were current customers.

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