Posts

#1 Reason Fintech Firms Fail In The Mortgage Space

Mortgage Industry Is Reeling With mortgage rates 2% higher than where they were in 2021, much of the mortgage industry is struggling for survival now that refis are all but dead. Many mortgage companies relied so heavily on refis that they are all but out of business now. But – the companies that always seem […]Read More

How Do You Not Be Blockbuster?

I received a lot of feedback yesterday in response to my blog “Netflix vs. Blockbuster.” Some asked what I meant, and some asked how to find the next Netflix. What I meant is that we all need to make sure we don’t wake up one day to find that our industry has changed so much […]Read More

Don’t Fear the Onslaught of Big Tech in Real Estate and Mortgages

I know of three major fintech players that devoted tens of millions into building out mortgage lending operations over the last four years. And, all three are NO longer in business. I know those companies intimately b/c my wife Heejin and I visited all three, and two of them actually came to us asking how […]Read More

Marketing Person or Someone in the Trenches On Your IT Team?

FINTECH COMPANY FORGETS TO ATTRACT CUSTOMERS A close friend of ours was the Chief Product Officer at a prominent fintech mortgage lender in Silicon Valley. The firm was very impressive, consisting of about 70 people, 28 full-time engineers and a war-chest full of VC money (about $70 million). They used all that money and all […]Read More

When Technology Fails…Somebody Actually Has To Think

It took me two and half hours to take an Uber from Manhattan to JFK airport last week. The reason? My Uber driver had moved to NYC four days earlier and he relied entirely on his Waze app to navigate. And Waze does NOT work in Manhattan (too much traffic and too much data, and […]Read More