Mortgage Banking Market Structure
The lean, mean, green initiative is touching almost every aspect of doing business - including banking. How can banking be green? Actually, banking has been contributing to the green movement for many years by offering online banking. More recently, banks have added green mortgages and green credit cards to their green initiatives.
Online Banking
Conducting banking transactions online promotes green in a number of ways including the most simple - saving fuel and reducing fuel emissions to get to the bank or from sitting 20 minutes in the bank’s drive-thru line.
It also is green because it saves paper for receipts given for transactions, it saves wear and tear on bank buildings and the amount of energy used to heat, cool and light all areas of banks. Many banks are shutting off lights in offices that see less use.
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