Fintech innovations on Mortgages
The mortgage or home loan market has been characterised by tedious processes that start from the buying decision, together with scouting, loan application and closing the deal with copious amounts of documentation.
Since it is a large part of banking lending books, there are large teams that administer the laborious process. Customers have traditionally only interacted with a bank at the funding stage. However, the deconstruction of the entire home loan process into more granular stages has demonstrated that banks could become early influencers on both the buying decision and the funding and associated services that can be on sold to the customers, e.g. insurance
Fintechs have also identified the pain points in this process and have created solutions that especially increase the efficiency of the individual stages.
Here are some innovations form the Matchi platform:
HouseUp: Guide mortgage customers from the journey start, while gathering relevant customer data
Improve the performance of digital mortgage sales channels by providing personalised tools and collect behavioural customer data
Fintech Themes: Customer Service Data Analytics
Kensee: being for the Commercial Real Estate market what Bloomberg is for the financial market.
Comprehensive property database with prices, market trends and signals
Fintech Themes: Risk Mitigation Data Analytics
HashChing: Online marketplace for consumers to access negotiated home loans from lenders
Connect consumers to negotiated home loan deals from local mortgage broker or banks directly
Fintech Themes: Data Analytics Data Analytics
VeriFy: Construction Loan Administration, Reinvented
Outsourced administration of construction loans in the USA
Fintech Themes: Efficiency
Land & Building Audit System (LBAS) – Certified, secure, cloud-based building information solution.
Comprehensive and secure web-based electronic property document management system.
Fintech Themes: Efficiency
Bonds & EWC: Enabling the entire mortgage loan & collection process
Web based workflow solution to manage the entire mortgage loan and collection process
Fintech Themes: Efficiency
