Yesterday, we started discussing of the idea that getting a home loan should be as easy as booking a plane ticket. We talked about whether consumers would be ready to do their own loan, if humans would still be needed at the lenders. We also covered the first five innovations required to make this vision possible. Read “10 things that need to happen for mortgages to be a click away: Part 1” here.
There are 10 key innovations needed to make getting a home loan as easy as booking a plane ticket. Below I’ll describe the first five, and I’ll cover the last five in Part 2.