Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Interfirst Mortgage Company, which offers a mortgage origination platform using artificial intelligence, has secured a $175 million investment from investment firm StoicLane.
Interfirst, which aims to eliminate upfront fees, cut interest cost and decrease the complexity of a traditional mortgage, will use the funding to ramp up growth and technology development.
“The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, StoicLane's CEO, said in a statement,
