Online Lenders, Podcasts

TS Lending Podcast: The race to 1 day mortgage closings, crypto lending needs to grow up, SoFi adds investing

  • On this week's Lending Podcast, Zack and Dan explore crypto lending.
  • Also on the show, SoFi's foray into investing, digital mortgage speed, and Chinese P2P lending.
TS Lending Podcast: The race to 1 day mortgage closings, crypto lending needs to grow up, SoFi adds investing

Welcome to episode 2 of the Tearsheet Lending Podcast with your hosts Zack Miller and Dan Pelberg.

This week on the show, we talk about crypto lending and what the industry needs to do to grow up. Dan wrote a thoughtful article about the crypto lending space this week. As Dan spoke with a lot of the players, it became clear that they primarily target speculators now and that there are a few things that will need to happen for this to become a serious industry.

We talk about SoFi’s expansion into investing. As growth levels off, a lot of lenders that began as monoline are expanding into other products. SoFi plans to introduce stock and ETF investing on its platform. Will people come for loans and stay to invest? Not sure.

Dan and Zack turn to the race for speedy digital mortgage closings. LoanDepot introduced an eight day digital closing product this week. Chase publicly committed to a 21 day closing on its offline mortgage products with a “Closing Guarantee” that will pay customers $1000 if the bank misses the closing window. This guarantee is only available to customers that use other Chase products, so it’s less about tech and more about cross-selling and tiered service delivery.

Lastly, Dan and Zack discuss the Chinese P2P lending market which grew unfettered to over 6000 lending platforms. Fraud and mismanagement were rife and the government is now cracking down, closing down many of the platforms, seizing assets and prosecuting people. What does this say about the future of crowdlending in China and in general?

Insurtech, Podcasts

Fabric’s Adam Erlebacher: ‘No one wakes up thinking about how to buy life insurance’

  • Buying life insurance via digital channels isn't just about getting a policy.
  • Firms like Fabric are using a collaborative planning process to nudge customers the right way.
Michael Deleon | September 09, 2019
Payments, Podcasts

Deep Dive: Beautiful design and functional innovation come to the physical card

  • The excitement around Apple Card has drawn the light to innovative physical card design.
  • Tearsheet's Sara Toth Stub describes what's going on in the physical world of fintech.
Zack Miller | September 05, 2019
Awards, Podcasts

Best Bank + Fintech Partnership Award 2019: TD Bank and Hydrogen

  • In Tearsheet's first Bank + Fintech Partnership Award, we're highlighting TD Bank's work with Hydrogen.
  • We talked to executives from both companies about the ingredients for success on this collaboration.
Zack Miller | September 04, 2019
Payments, Podcasts

Ingenico’s Eric Liebman on payment trends in the travel industry

  • Payments in the travel industry must take into account different types and currencies.
  • On the podcast, we discuss the challenges and opportunities for travel payments.
Michael Deleon | September 03, 2019
Artificial Intelligence, Podcasts

Flybits’ Hossein Rahnama: ’90 percent of digital transformation budgets are spent on managing IT complexity’

  • Banks struggle to provide automated recommendations.
  • Flybits wants to remove the IT complexity that eats away at their time and budgets.
Zack Miller | August 27, 2019
More Articles