Mike Miles

By Mike Miles

Have you ever heard of fintech? Fintech is one of the fastest growing industries for venture capital money. What exactly is it? Financial. Tech. Fintech. It’s computer programs and software that powers banking financial services.

In mortgage lending, fintech is primarily used for digital loan applications, mobile apps, and automated marketing systems. Fintech has been around for several years but was put in the spotlight when push-button mortgages started being advertised.

It’s a rapidly growing industry because lending companies and consumers both are interested in more cost effective and streamlined processes as it relates to getting a mortgage. The challenge is that the lending industry is so complicated; different programs, lending guidelines, compliance and regulations. It’s not that fintech

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