CEO of loanDepot Says Amazon and Google Will Enter the Mortgage Business
The CEO of loanDepot, Anthony Hsieh, speaking at the Digital Mortgage conference yesterday said that many new players are entering the mortgage space today. He also said that it was just a matter of time before we see the likes of Amazon and Google competing for mortgages. It will not be enough to just offer a digital mortgage to compete. Hsieh said that customers want ease of use and simplicity and added, “Blending digital tools with local, and expert service in our opinion is the formula.” Source.