Several innovative mortgage providers are changing the landscape of the home borrowing industry. Here are some of the ones making a creative impact across multiple markets and helping consumers manage home buying and selling well. All have focused on person-centric design and using technology to create a digital, personalised and frictionless experience.
Better.com: Is one of the next gen lenders that offers a fully digital mortgage application process. Quite often traditional applications need consumers to not only share significant data to support affordbaility and eligibility decisions, but are paper or upload based. Better uses AI and machine learning algorithms to underwrite and approve loans in minutes rather than weeks. It also provides a streamlined and transparent process that eliminates many of the fees associated with traditional mortgages
Rocket Mortgage: An online mortgage lender offering a fully digital application process. It uses data and analytics to offer customised mortgage options to borrowers and provides a simple and transparent process that allows borrowers to apply for a mortgage and receive approval entirely online. The big USP woth Rocket is speed of decisoning and funds, with a great user experience.
Blend: Blend is a digital mortgage platform offering tools and services to help lenders streamline the mortgage application process. It provides an end-to-end digital solution that allows borrowers to apply for a mortgage, submit documentation, and receive approval entirely online
LendingTree: An online marketplace that connects borrowers with a network of lenders. It offers a range of mortgage options from various lenders and allows borrowers to compare rates and terms to find the best mortgage option for their needs
Quicken Loans: Quicken Loans is an online mortgage lender offering a fully digital application process. It uses data and analytics to underwrite and approve loans quickly and provides a range of mortgage options to meet the needs of borrowers
Roostify: Roostify is a digital mortgage platform that provides borrowers with a seamless and transparent mortgage application process. It offers an online application portal allowing borrowers to apply for a mortgage, submit documentation, and receive approval online. Roostify also provides lenders with the tools they need to process and underwrite mortgages quickly and efficiently
SimpleNexus: A mobile-first mortgage platform that allows borrowers to apply for a mortgage, submit documentation, and receive approval entirely through their mobile devices. It also gives lenders the tools to process and underwrite mortgages quickly and efficiently.
Finicity: A financial data platform that gives lenders real-time access to borrower financial data, allowing them to make more informed underwriting decisions. It also offers a range of tools and services that help lenders streamline the mortgage application and approval process.