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
Splitero raises $12M to expand home equity investment operations HW+
Jan 17, 2023Splitero provides up to $500,000 as a lump sum of cash to homeowners without income and credit score requirements or monthly payments.
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Fintech Achieve closes $175M HELOC securitization HW+
Dec 05, 2022 -
MeridianLink acquires mortgage fintech OpenClose for $65M HW+
Nov 08, 2022 -
Black households have most to gain from inclusion of rent payment data: report HW+
Oct 18, 2022 -
Guaranteed Rate taps Stavvy to scale eClosings HW+
Oct 12, 2022 -
Freddie Mac’s Cecelia Raine: Here’s where to focus your servicing tech resources HW+
Sep 19, 2022 -
Fitch Group adding capital-markets fintech dv01 to its fold HW+
Sep 13, 2022 -
Fintech Milo unveils crypto-mortgage refis HW+
Sep 06, 2022 -
Verification provider Xactus hires chief compliance officer HW+
Aug 31, 2022 -
FormFree and Docutech team up with integration HW+
Aug 30, 2022 -
Tomo launches solution for the dreaded appraisal gap HW+
Aug 24, 2022 -
Katherine Loveland to take helm at Volly HW+
Aug 17, 2022