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The Intersection of Mortgage and Fintech

DS News recently spoke with Jennifer McGuinness, Co-Founder and Managing Partner of Strategic Venture Partners, during the Five Star Conference & Expo. McGuinness discussed the future of fintech and both the challenges and opportunities it presents for the mortgage industry moving forward.

“The technology solutions that are going to bring the best benefit to the businesses are going to be those that manufacture things more efficiently, cut timelines, and risk-insulate process flows to optimize outcomes. At the end of the day, it’ll actually save the companies a vast array of money and compliance issues.”

McGuinness added that the more the industry digitizes the mortgage experience, the more fraud insulation there will be. She suggested that these changes will bring better underwriter outcomes and shorter timelines for lenders, which will in turn bring more closed loans and more revenue—a benefit for both the borrower and investor.

McGuinness served as the director of the Fintech Lab during the Five Star Conference and Expo this past September in Dallas, Texas. That event included insights from subject-matter experts representing both lender/servicers and fintech companies. Participating organizations included Strategic Venture Partners, Altisource, Auction.com, Compass, Flagstar Bank, and more.

Editor's note: You can also watch this video directly on YouTube by clicking here. We apologize for any technical difficulties.

About Author: Mike Albanese

Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.
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