Tag Archives: FinTech

As the demographics for the potential homebuyer change, what should mortgage companies do to ensure they’re keeping up? MReport talks with Dan Green, CEO of Growella, a Fintech company, to discuss the best strategies. Read on to see the exclusive Q&A.

A recent study is examining how advances in technology are making it easier for more people to have access to financial resources.

Fintech is growing at a rapid pace, with U.S. investment in the technology reaching $13 billion in 2016 alone. Take a look at what three industry professionals had to say at Tuesday’s open hearing entitled: “Evaluating the Fintech Landscape.”

The digital evolution continues, as not one but three major financial players make moves toward a more FinTech-driven future. In a two-day span, Morgan Stanley, Misys, and D+H all announced initiatives that could shape the trajectory of the industry. At its Tuesday's Financials Conference, Morgan Stanley, a financial services and wealth management firm, announced it will launch a digital mortgage platform in 2018. Meanwhile, Misys, a financial software provider, and D+H, a financial technology distributor, announced the two firms will merge to form Finastra. Finastra will be the third-largest FinTech company in the world.

Change happens fast, especially in technology. We spoke with Dom Marchetti, CTO of loanDepot about the future of tech in the mortgage industry. Marchetti not only discussed the changing face of tech in terms of mortgage originations, but what roadblocks are preventing the industry from truly advancing technologically.

Non-bank lenders won’t lead the mortgage space for long, according to Fitch Ratings. As the mortgage process gets more digital, the agency says its big banks who will take over, thanks to their greater resources and ability to tie in additional financial products. Investment in digital processes will be key as millennials buyers make up the larger market share.