Posts Tagged: closing

Opinion

‘Fintechs’ and California’s mortgage market: We need a fix

Illustration of a perspn getting mortgage information online. (Image: Rawpixel.com, via Shutterstock)

OPINION: When Californians think about home mortgages, we typically think of banks. But the top three mortgage lenders in California aren’t banks, they’re financial technology or “fintech” lenders. Typically known as nonbanks, they generally operate online only, have no branches and take no deposits.

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