The CEO and Founder of Better Mortgage tells us how his company is revolutionizing the home buying process. Source
Zillow purchased Mortgage Lenders of America in November 2018 and now is officially launching Zillow Home Loans as they rebrand;...
The platform aims to provide a better process for both lenders and consumers; Fannie Mae is partnering with various fintechs including Yodlee, FormFree, and Plaid to help build out the platform’s features. Source
According to a New York Federal Reserve report, online mortgage lenders approve loans faster, experience fewer defaults and encourage more refinancing; not surprisingly they are also able to respond to customers as demands shift; the report studied banks and fintechs to better understand the market; lending from fintechs has grown by 30% annually since 2010, from $34 billion to $161 billion, representing 8% of the market. Source
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