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Feature: Mortgage Strategy

Feature: Mortgage Strategy

Is the mortgage market reaching a tech tipping point?

A few years ago, if writing about how the pace of technology had changed the workplace, it may have been necessary to provide examples to serve as a gentle scene-setter.

However, the infiltration of technology into all of our lives has been so aggressive and encompassing that doing so doesn’t seem necessary.

While financial services as a whole appears to be redefined by ‘fintech’ on a daily basis, the mortgage industry has so far remained comparatively static. But why is this the case?

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Feature: Mortgage Solutions

Feature: Mortgage Solutions

Lenders support open criteria but fear ‘prescriptive rules’ from FCA mortgage study

Borrowers and advisers find suitable mortgage deals earlier if lenders were more open with their criteria, according to the Financial Conduct Authority (FCA), but critics argue the solution is more complex amid fears the watchdog may issue new rules that restrict the market…

 

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Feature: Mortgage Solutions

Feature: Mortgage Solutions

The future is now

There is one company that could be about to deliver the mortgage industry its Uber moment – or at least create significant disruption, according to Beaumont.

Eligible.AI is an early-stage company trying to solve a number of market problems for both lenders and brokers – including those outlined above.

The company is creating a software interface or digital mortgage platform from which both lenders and intermediaries can serve their customers and which borrowers will be able to access.

Beaumont said: “I think they might have something interesting and you might want to keep a weather eye out for them.”

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