Small to mid size banks, like credit unions and community banks, comprise around half of mortgage originations in the U.S. And, in one in five counties, a community bank is the only financial institution around. But mortgage origination is a complex business with multiple parties involved and especially costly for small lenders.
What’s more, lots of consumers can’t get a mortgage because, while responsible, solvent households, they don’t quite meet the credit score requirements of most banks.
With all that in mind, John Paasonen set out to develop a platform making all the steps in loan origination more efficient and less expensive—thereby helping smaller enterprises compete. “They’re best
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