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FinTech spins off company for technology-driven mortgages

FinTech spins off company for technology-driven mortgages

Financial Technology (FinTech) a mix of technology-driven financial services companies has just launched a new firm, LendSmart, to create customer-centric software that allows banks and mortgage lenders to originate AI-driven digital mortgages.

Jorge Sauri, the Mortgage Technology Veteran and owner of Fintech says the new company will provide cloud-based process automation, initially for mortgage lenders to revolutionise the Point of Sale by facilitating AI-driven mortgages. Also, LendSmart POS, which is the firm’s first offering will provide all the information today’s borrowers are seeking, the company said in a statement.

Sauri says that the POS includes integrated document management and process automation to get quality loan files started quickly. The company is currently signing integration agreements that will allow the technology to put more control of the application process into the hands of consumers, who have shown they are eager to accept it and are demanding it.

According to Sauri, “FinTech is no longer the domain of traditional technology developers. Our industry is currently being disrupted, both in terms of technology development and in the delivery of banking services, by new entrants who are changing the way customers interact with financial services companies.”

According to him, “consumers are embracing these consumer-centric solutions. To compete, lenders will have to play and win this new game. LendSmart offers borrower-focused POS technology that uses artificial intelligence to ensure transactions are driven to completion in a manner that maximizes consumer satisfaction while it reduces overall origination costs.”

The FinTech owner says that, “the industry has finally embraced the concept of the digital mortgage. Fortunately for us, American consumers have been ready for it for some time. It’s time to deliver it. We will be the company that provides the financial technology to make that happen.”

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Elizabeth Edozie Technology Journalist @Technology Times 08077671659 elizabeth.edozie@technologytimes.ng

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