Politics & MoneyMagazine

A trillion dollar market finally attracts investments in mortgage tech

An M&A outlook for 2020

The US mortgage and services market is a multi-trillion-dollar sector that, until recently, was a forgotten arena for large-scale innovation. Mortgage innovation has lagged other sectors because of high regulatory burdens and a highly consolidated market of the historically poorest innovators: banks. Add to that the inertia that comes from decades of consumers forced through a complex web of providers and high, often opaque, costs.

So, what could change large-scale inertia and big incumbent players with high walls of defense? In a word, tech. I worked with a systems engineer who once said, “Technology is like a leaking pen in a white shirt pocket. It will bleed through and change everything.”

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3d rendering of a row of luxury townhouses along a street

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