Mortgage Tech 101: What It Is & Why It’s Taking Off Now

Dec 07 18:12 2017 Print This Article

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac.

Yet, despite the size of the mortgage industry, the space still hasn’t digitized. Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years.


Fintech deals and funding are on track to reach record highs in 2017. See what’s happened in Q3’17, we’ll review the deals, dollars, investments, and more.


Given the size and profitability of the industry, mortgages have lately become a prime target for tech entrepreneurs and venture capitalists.

The impact of tech on the mortgage market is still in the early innings. In this analysis, we examine what mortgage tech is, what its impact will be on incumbent players and fintechs, and the key drivers creating a big opportunity in mortgages now.

Read More

About Article Author

CB Insights

CB Insights analyzes data on private companies in emerging industries to provide predictive intelligence on company health and strategy, investor performance and technology adoption trends. They aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace search engines, and corporate financial institutes, so they can answer massive strategic questions using probability not punditry. With backing from the National Science Foundation and venture capital investors, CB Insights mines terabytes of data and knowledge contained in patents, venture capital financings, M&A transactions, hiring, startup and investor websites, news sentiment, social media chatter, hiring activity and more.

Related Items

Amazon is the ultimate disruptor, this investor says

James Telfser Technology companies are continuing to have a rough go of it this week, with shares of Amazon, Alphabet, Netflix and Facebook all posting more than three per cent losses in Tuesday’s trading. A sign of things to come? Not likely, says portfolio manager James Telfser, who believes t ...

The Winding Road to a National Pharmacare Program

The Report of the House of Commons Standing Committee on Health, “Pharmacare Now, Prescription Medicine Coverage for all Canadians” released on April 18 marks a step forward towards a national program covering all Canadians, but also opens up some major political questions. ...

How a PBO goes out in style

The Parliamentary Budget Officer put out an Economic and Fiscal Outlook Monday  addressing issues ignored by the Trudeau government in its February budget. Such issues as a deficit nearly $8 billion higher than the budget forecast over the next two years and a negative impact on the economy of the ...

Quebec court rules 50% +1 is all that is required to separate - Loonie Politics

  It might have gone under your radar, but Canadian Unity and the federal government were delivered a crushing blow last week.  The Quebec Superior Court ruled that Bill 99, Lucien Bouchard’s response to the Clarity Act, was indeed constitutional. Of course, you could be forgiven for having mis ...

At committee today: ‘Historically unjust’ LGBTQ convictions, infrastructure spending, Canada’s financial system

Public Safety Minister Ralph Goodale should be prepared to be peppered with polite but pointed questions when he appears before the SENATE HUMAN RIGHTS committee this afternoon to defend his government’s attempt to make amends for decades of systemic discrimination against the LGBTQ community by ...

US Energy Shares Outperform As Companies Begin To Report

After losing ground and underperforming the broad market in 2017, U.S. energy shares are climbing fast with oil prices and gaining attention from investors who think the trend may hold. Oil prices are near their highest since late 2014 thanks to strong demand and supply cuts by the Organization of t ...

A Bullish Position to Optimize Risk-Reward

As the following graph shows, shares in Royal Bank of Canada (RY) veered into correction territory after peaking at $108.52 on January 22, 2018. At the current price of $97.98, the security is down by over 9.7%. With the RSI (Relative Strength Index) indicator on the rise and the stochastic oscilla ...

Update: A few comments on the Seasonal Pattern for House Prices

CR Note: This is a repeat of earlier posts with updated graphs.A few key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern.3) Even though distressed sales are down significantly, the seasonal factor is ...

Philly Fed: State Coincident Indexes increased in 47 states in March

From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for March 2018. Over the past three months, the indexes increased in 49 states and decreased in one, for a three-month diffusion index of 96. In the past month, the indexes increased i ...

Job Guarantee In The News

The Job Guarantee -- a key part of Modern Monetary Theory (MMT) -- is back in the news. Unfortunately, I am tied up with other projects, so I am not about to launch an in-depth analysis of the proposal. I would instead point the interested reader to the report: "Public Service Employment: A Path to ...