Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Fintechs Use Real-Time Bank Account Data for Instant Mortgage Pre-Approval
In this episode of Fintech Conversations with Fexingo, Lucas and Luna explore how fintechs are using open banking APIs to pull real-time bank account data for instant mortgage pre-approval. They break down the case of Better Mortgage, which now processes pre-approvals in under 10 minutes by analyzing transaction history, income streams, and spending patterns directly from applicants' bank accounts. The hosts discuss the shift from manual document review to automated data-driven underwriting, the role of platforms like Plaid and Yodlee, and what this means for traditional lenders. They…
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