Pursuits
Silicon Valley Vies for a Piece of the U.S. Mortgage Market
- Startups offer applicants faster processing with technology
- Borrowers can sign and send documents on their phones
Mike Cagney, co-founder and chief executive of Social Finance Inc.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Jeff Patmont got his home loan on his phone.
The 30-year-old marketing manager for a medical-device company said he did almost everything electronically for the mortgage on his $980,000 home in the San Francisco suburb of Lafayette, California.