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“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.
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