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
Radian Group announces strategic investment in FinLocker
Jan 11, 2024Radian Group announced a strategic investment in FinLocker that will closely connect the technology between platforms of Homegnius and FinLocker
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Fintech Upright launches DSCR rental loan
Dec 11, 2023 -
LoanPASS integrates with proptech company, Uplist
Dec 06, 2023 -
Introducing the 2023 HousingWire Tech Trendsetters!
Dec 01, 2023 -
Fintech Stavvy acquires technology suite SigniaDocuments
Nov 15, 2023 -
Wells Fargo, CoreLogic partner on real estate tax processing operations
Nov 14, 2023 -
MeridianLink integrates with Polly to bolster lenders’ profitability
Nov 08, 2023 -
Cedar secures $3M in seed funding to help developers locate urban land
Oct 31, 2023 -
Yoga and a mortgage? Guaranteed Rate has a new app for that
Oct 09, 2023 -
QC Ally acquires due diligence solutions firm Inglet Blair
Sep 21, 2023 -
New York startup Roam launches assumable mortgage platform
Sep 13, 2023 -
Rapattoni’s MLS services are being restored following cyber attack
Aug 23, 2023