The mortgage industry is undergoing a digital disruption with online mortgage lending PropTech aiming to streamline the entire mortgage journey, from application to servicing.
Despite a cautious investment climate in PropTech, VC funding continues to pour into online mortgage lending due to automation, vertical-specific AI applications, and enterprise AI integration.
Prominent players in online lending include Sindeo, Credible, SoFi, and Rocket Mortgage, utilizing AI to automate processes and enhance customer experience.
The future of online mortgage lending PropTech looks promising, driven by the increasing demand for digital convenience, advancements in AI and automation, and ongoing innovation in the industry.