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The Future of Fintech

DS News recently spoke with Jennifer McGuinness, Co-Founder and Managing Partner of Strategic Venture Partners, during the Five Star Conference & Expo. McGuinness discussed the future of fintech and both the challenges and opportunities it presents for the mortgage industry moving forward.

“The technology solutions that are going to bring the best benefit to the businesses are going to be those that manufacture things more efficiently, cut timelines, and risk-insulate process flows to optimize outcomes. At the end of the day, it’ll actually save the companies a vast array of money and compliance issues.”

McGuinness added that the more the industry digitizes the mortgage experience, the more fraud insulation there will be. She suggested that these changes will bring better underwriter outcomes and shorter timelines for lenders, which will in turn bring more closed loans and more revenue—a benefit for both the borrower and investor.

McGuinness served as the director of the Fintech Lab during the Five Star Conference and Expo this past September in Dallas, Texas. That event included insights from subject-matter experts representing both lender/servicers and fintech companies. Participating organizations included Strategic Venture Partners, Altisource, Auction.com, Compass, Flagstar Bank, and more.

Editor's note: You can also watch this video directly on YouTube by clicking here.

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
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