Story from The Fintech Times
Digital lending platforms are reshaping the property finance market, providing new avenues for individuals and businesses to secure the financing they need.
By leveraging technology, these platforms simplify the lending process, offering faster approvals, tailored solutions and greater accessibility.
But how exactly are they making property finance more accessible, and what opportunities are emerging in this evolving landscape? We asked industry experts to weigh in on the impact of digital lending platforms and the key opportunities they see in the current property finance market.
Connecting proptech and fintech for better lending
For Kenon Chen, EVP of strategy and growth at Clear Capital, there is a crucial opportunity for digital lending platforms to bridge the gap between proptech and fintech, particularly in real estate and mortgage processes.
“There is an enduring opportunity to continue to connect the dots between proptech and fintech, between real estate and mortgage processes. The sooner certainty can be provided to home buyers seeking financing, the more efficient lending can become.
“Digital lending platforms need to continue to seek out high-quality, underwriting-ready data before the loan application even starts, rather than waiting to gather data on demand.
“This is especially needed for first-time home buyers to be able to compete against all-cash offers.”
