On episode 40 I talk with John Paasonen of Maxwell helping lenders serve their communities by channeling mortgage and technology expertise.
HSBC Bank USA has partnered with Roostify in order to offer a digital mortgage experience; the result is a more...
Technology has made a lot of improvements to the housing market, but the core issue of affordability has yet to...
Atom Bank has launched a new mortgage product for first time buyers; the loan to value range on the new...
SoFi acquired the engineering and product teams from mortgage startup Clara Lending; American Banker reported SoFi said of the deal it will help them to, “immediately ramp up our technical capabilities."; SoFi’s business is still reliant on student loan refinancing but this acquisition will allow them to increase their mortgage business in the next few years. Source.
Episode 255 features Vishal Garg, the CEO and Founder of Better.com; he discusses the state of the mortgage market with...
Forbes interviews Francesca Carlesi, the CEO of Molo which claims to be the UK’s first fully digital mortgage lender; the...
Mortgages are one of the last lending products to become fully digital as the process represents quite the challenge to...
Online mortgage lender Lenda has plans to make the mortgage process last 30 minutes from start to finish; right now the company takes about 2 weeks to complete the process and has made more than $200mn worth or mortgages to date; Jason van den Brand, its co-founder and CEO, tells American Banker, "The big banks are working on technology that was built in the '70s. We cater to the customer who lives on their phone, laptop and tablet and shops online and compares online."; the biggest impediment is the appraisal process as that is still human intensive; the company has also been testing digital signatures by connecting via video chat with a notary. Source.
Roostify CEO Rajesh Bhat sat down with TearSheet to discuss the online mortgage market and stated we are still in the first quarter of the game; Roostify is an enterprise mortgage origination platform and has secured deals with JPMorgan Chase and Guild Mortgage; topics discussed include why mortgages are so hard to digitize, how banks have addressed the move to digital mortgages and how did Roostify come to be. Source.