Fintech turns camera phone into appraiser to streamline mortgage process

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How FinTech will revolutionise mortgages by Adrian Whittaker, Sales Director | Mar 21, 2016 First published in Mortgage Introducer, 18 March 2016 – The UK is the global capital for financial technology (FinTech) , an industry worth over 20bn in this country alone.

Startups speak out: 5 top lending execs on the end of the mortgage "dark age". He added later that the digital mortgage process, which is traditionally thought of as a "millennial" solution.

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Fintech are able to calculate the value of a portfolio taking into consideration the requirements of the client. Values for Base, Current Market Value, Adjusted Current Market value and Future Value can all be provided.

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Mortgage technology company SharperLending is tapping mobile. loan process for lenders in instances that don't require full appraisals.

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Experts say the $14 trillion mortgage market could be next. U.S. mortgage lending has been largely immune from the fintech revolution, but experts say this can soon change thanks to a rapidly growing segment of start-ups and digital lenders looking for a piece of the $14 trillion market.

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