You can’t read any lending related news without hearing about layoffs, margin compression or lack of net income in the mortgage bizz. Last week was no different. It was Movement Mortgages’ turn to right size, lay offing 100 employees nationwide.
With real estate companies becoming lenders, and lenders becoming real estate companies, what does the future of real estate and lending truly look like?
Today everyone seems to be talking about “disruption”! It’s the modern, hip, trendy term that CEO’s and executives love to throw around but often don’t understand at its core.
Real Estate and Lending continue to evolve as they embrace technology at every turn! The results aren’t in question, we know technology offers a better overall experience for the clients and we know its improves efficiencies across the board….What we don’t know is at what cost! Zillow, Redfin, Realtor.com, EXP Realty, and pretty much every retail mortgage lender and bank for that matter continue to struggle to right size their companies and find balance!
Is the rent finally too damn high? According to the Census report released last week, rents are up and the highest they’ve been since 1995!
Last week everyone was talking about Zillow Instant Offers. If you didn’t hear, Zillow basically took another step into the real estate game! Maybe even a leap into the real estate game!
Amazon’s Alexa is becoming a loan officer?