Community
With Quicken replacing Bank of America , gaining third place in top 10 residential lenders couple of years ago, signalling the era of non-banking lenders to start all over. PHH always tried to be in top 10 , Freedom Mortgage is catching up the leagues with 30 biilion USD loans projected next year! market share of banks coming down year over year.
Banks are better in doing loan servicing , leaving the originations to non banking lenders- origination requires dynamic, customer centric , tech savvy lenders who can adapt to new technologies faster than the bureaucratic hierarchical banks! Mobile, online, tablet channels replacing bricks and mortars mortgages, reducing cost of origination drastically benefit of which is passed to borrowers
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Harish Maiya CEO at Orin
03 February
Hirander Misra Chairman and CEO at GMEX Group
Alex Kreger Founder & CEO at UXDA
Ritesh Jain Founder at Infynit / Former COO HSBC
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.