Shifting Mortgage Origination Landscape

Panelists include: Bryan Sullivan, loanDepot; Vishal Garg, Better Mortgage; Vandad Fartaj, PennyMac; Joel Katz, HomeBridge; Dan Koch, Caliber Home Loans; Moderator: Michael Dente, Goldman Sachs.

Non bank mortgage originators have taken a bigger market share in recent years and at LendIt USA 2017 we hosted a panel of lenders to discuss this recent trend; panelists discussed how non banks came into increasing market share including withdrawal of commercial banks because of financial crisis and Basel III capital requirements; technology and customer experience helped non bank lenders fill the void left by banks quickly; they offered an online first, quicker version of the bank product; the panel touched on new regulatory requirements like government-sponsored enterprise reform and more private capital being infused into these deals; time will tell how banks react to this trend and what will the mortgage product look like in five years.