This 60-minute roundtable will explore the current state of the mortgage industry in the U.S. We’ll dive into the fintech tools and partnerships that mortgage lenders are counting on to address increased demand and new circumstances like self-employment income, and talk about the future of mortgage – and how we can get there.
Mortgage lenders in the U.S. originated approximately $4.4 trillion in 2020 alone – almost double the $2.4 trillion originated in 2019. Faced with a firehose of demand, mortgage lenders are throwing bodies at the problems. They increased staff by 40% in August (year-over-year). There are now more than 100,000 mortgage brokers in the U.S. for the first time since 2007.
But is increasing headcount the optimal solution? In 2021, we can track a friend’s Uber ride in real-time and order just about anything online with a few clicks. In this context, customers are becoming less tolerant of a painful, 40-day process to finance their most significant personal and financial asset. Why is mortgage stuck in the past, and how might startups bring us to the future?
Join us on Thursday, March 25, for a stimulating discussion around the future of mortgage and the transformation required to get there.