Fintech lenders increase efficiency of US mortgage lending, research says
Digital credit providers offer faster services, reliable risk assessments and flexible business models, New York Fed research finds
Fintech mortgage lenders are increasing their presence in the US, offering fast, reliable and flexible credit solutions, according to research published by the Federal Reserve Bank of New York.
“Taken together, our results suggest that recent technological innovations are improving the efficiency of the US mortgage market,” the authors say. “We find that fintech lenders process mortgages more quickly without increasing loan risk, respond more elastically to demand shocks, and increase the
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