Online mortgage lenders are financial institutions that provide home loans through digital platforms. They allow borrowers to apply for mortgages, submit documents, and manage their accounts entirely online, making the process more convenient and often faster than traditional lenders. These lenders typically offer competitive rates and a variety of loan options, including fixed-rate and adjustable-rate mortgages. By leveraging technology, online mortgage lenders can streamline the application process, reducing paperwork and processing times, which can benefit borrowers looking for efficiency in securing a home loan.