cdt pfp
cdt
@cdt
wish we had a home buying channel. thinking of moving on our first house but i feel out of sorts here.
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tvler.eth pfp
tvler.eth
@tvler
biggest advice is stay away from tech-based startup mortgage companies and just find an IRL broker in your area. the home buying/escrow process is basically the most complex purchasing funnel for american consumers and no tech product has solved it yet. you lose a direct line of communication with someone you know
1 reply
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blodgio 🍖 pfp
blodgio 🍖
@blodgio
I work at a company that fancies themselves a tech based mortgage company. I’m on the mortgage side. You’re spot on. The industry knowledge gap between consumer and lender is massive and widening just at a time when automation and AI are being introduced. No bueno.
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tvler.eth pfp
tvler.eth
@tvler
For me the biggest thing was the constants asks during the escrow process. Super random things too like a landline (lol) for my employer, which we didn’t have and required human intervention to proceed. Just feels like an extremely hard problem to abstract into a software flow (but maybe possible in the future😄)
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2 reactions