LendInvest launches Mortgage Tech Meetup Series hosting a Mortgage Technology Trends in 2023 panel with industry experts
London, 30 March 2023 – LendInvest, the UK’s leading platform for mortgages, has launched a new Mortgage Tech Meetup event series, which will be bringing property industry and technology experts together to discuss the future of mortgage technology.
The event series’ inaugural session focused on key trends in Mortgage Technology in 2023 and the Future of Lending.
Speakers at the event included Orla Shields, CEO and Co-founder of Kamma; Ying Tan, Fintech and Proptech Leader and Investor; Justus Brown, Founder and CEO of Acre; and Peter Wallis, VP of Technology at LendInvest.
The discussion centred around the state of the mortgage process, and growth in technology adoption over the last five years, the difficulty with pulling property data from government sources, and the role of AI, machine learning and Chat GPT in the mortgage industry.
On the traditional mortgage process, Ying Tan said: “It’s imperative voices in our space come together to improve the disjointed [mortgage] process. There are many businesses that throw money at it, but do they really care about the problem we’re trying to solve?”
Peter Wallis added: “It’s disappointing to see the mortgage industry lagging behind other sectors, and be so laden with friction and manual steps. Looking to remove all of those points of friction, using digital enablement, not only helps the broker and customer, but drives operational leverage.”
On the topic of upcoming Consumer Duty, Justus Brown commented: “Building a system that presents brokers with the right information enables brokers to have the right types of conversation. Not only does this deliver a superior customer experience, but also prevents harm coming to that customer .. and that is what is especially rewarding.”
On the current state of property data Orla Shields said: “Property data is a minefield, which offers a huge opportunity for disruptors in the market right now. Having APIs on the lender side would be especially useful here.”
The next Mortgage Tech Meetup is scheduled for 28 June, with speakers to be announced in due course.
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.