Fintech
One area of growing importance in the housing industry is fintech, which integrates new types of technology into financial services companies, including lenders, mortgage brokers, and others, in order to improve how they deliver products and services to consumers. When it comes to the mortgage industry, fintech has recently helped to propel forward a number of innovative platforms to improve speed, simplicity, and efficiency when buying a home.
By integrating new fintech advancements into mortgage lending, the results may lead to higher application completion rates, faster closings, and better customer experiences — all of which are important for driving business, especially in a housing market experiencing a downturn like the one we are currently facing. Fintech advancements work to speed up data collection, streamline two-way communication, and simplify the experience for all parties involved.
With the mortgage market facing numerous challenges and continued margin compressions in 2022, which is expected to continue throughout 2023, lenders may benefit from the fintech advances that can help them better conduct their business, whether the goal is to scale their businesses on demand, create faster onboarding processes for new customers, or incorporate technological advancements into their digital operations.
Latest Posts
Q&A: The nitty gritty on Milo’s crypto mortgage
Jan 28, 2022Fintech startup Milo has launched a mortgage product for cryptocurrency holders. Its CEO Josip Rupena sat down with HousingWire to explain how it works, the market for crypto in mortgage, and volatility.
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Pay later platforms: A superhero for the housing ecosystem?
Jan 28, 2022 -
Mortgage Coach and Sales Boomerang snag new investor
Jan 26, 2022 -
Tech firm Polly bulks up to help modernize mortgage industry
Jan 26, 2022 -
Fintech startup Tomo breaks into jumbo mortgages
Jan 26, 2022 -
Milo launches a crypto mortgage product
Jan 18, 2022 -
CoreLogic leadership change: CEO Frank Martell resigns
Jan 12, 2022 -
FinLedger doubles down on proptech, partners with Tech Nest podcast
Jan 11, 2022 -
Report urges rent payment history in underwriting
Dec 22, 2021 -
Can fintech continue to support record volume?
Dec 16, 2021 -
Title automation allows for record volume
Dec 13, 2021 -
Stavvy’s Jeremy Potter on streamlining servicing through technology in 2022
Dec 09, 2021