Description

Summary

In this episode of FinTech Fridays, Brian Vieaux interviews Jeremy Potter, of TitleLook, a company that aims to disrupt and improve the title process in the mortgage industry. They discuss the challenges with data in the mortgage industry and how TitleLook is making title data accessible and standardized.

They also explore the next evolution of title data and how it can change the relationship between players in the industry. Additionally, they discuss the concept of creating a 'Carfax' for houses and the importance of educating consumers and loan officers about the title process.

The episode concludes with a focus on collaboration and pushing for efficiency in the industry.

Takeaways

• Title Look aims to disrupt and improve the title process in the mortgage industry by making title data accessible and standardized.
• The next evolution of title data involves changing the relationship between players in the industry and reordering the operational path.
• Creating a 'Carfax' for houses can provide transparency and information about properties during the transfer process.
• Loan officers should be prepared for the digitization of title data and educate themselves and consumers about the options and savings available.
• Collaboration and pushing for efficiency are key in improving the title process and the overall consumer experience.

Chapters

00:00 Introduction and Background

01:03 The Problem with Data in the Mortgage Industry

03:01 Making Title Data Accessible

04:20 The Next Evolution of Title Data

05:35 Changing the Relationship Between Players

08:00 Reordering the Operational Path

11:14 Creating a 'Carfax' for Houses

15:39 Preparing for the Digitization of Title Data

18:09 Educating Consumers and Loan Officers

19:48 Collaboration and Pushing for Efficiency

20:23 Conclusion