The In’s and Out’s of Mortgage Technology in 2022

Mortgage technology has changed a lot in the past decade. Keeping up to date with the changes is important, to understand how to simplify the process for yourself while also saving the most money.

 

The future of mortgages is online with the increasing development of Fintech (Financial Technology). Learning how to take advantage of the new ways of doing business will help prepare through this transition from face to face business to online business.

 

Mortgage Tech in 2022

 

Mortgage Technology has improved significantly in recent years. This is due in large part to the COVID pandemic. Businesses and mortgage lenders specifically had to adapt quickly to the sudden shift to an all online business format.

 

This led to the implementation of the digital mortgage application process becoming standardized as no business was being done in person and on paper. Fintech markets are continuing to grow and with this the technology to make financial processes easier is now becoming available.

 

OnlineApplication is a company that makes software that assists lenders with digital mortgage applications which simplifies …

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Fintech is the Future, Here’s Everything You Need to Know

FinTech (Financial Technology) is the new modern technology designed to compete with the traditional financial methods of delivering services.

 

With the increase of importance of technology due to the COVID pandemic, Fintech has evolved and became significantly more important to banks and people alike.

 

With this transition occurring it is important for everyone to understand what these changes mean and how it will continue to evolve in the future. 

 

What’s new

 

With the generations of people who grew up with technology getting older, businesses have had to adapt to please these generations.

 

People have become more and more comfortable managing their money and businesses online. They are eager to use new technology because it offers these businesses and people flexibility that they did not have before.

 

Some of the results of this increase in Fintech is the addition of digital mortgages and digital lenders. This technology was very important for banks because when COVID happened it was the only way to do business.

 

Now people prefer the business to be online because it …

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Which Industries were winners and losers during the pandemic?

Due to the Covid 19 pandemic and corresponding lockdowns in Ireland, industries such as retail, hospitality, and beauty and grooming were closed for much of the year. However, as is usually the case, when some industries are struggling, others are thriving. In this article we will take a look at some of the industries that have been successful despite the challenges that the pandemic brought on, and some that have not been so lucky.

Winners:

Supermarkets

Many supermarkets in Ireland benefited from stay at home orders, as most pubs and restaurants were closed, leading to an increase in at-home cooking for the average person. One of these supermarkets was British grocer Tesco- who reported an increase of  £388 million in sales in Ireland last year, or more than  £1 million per day. The grocer remained open during lockdown orders, and maximised sales across all lines of products, from alcohol and ready-made meals to clothing and household products. 

Tech

The pandemic also saw large growth in the tech sector, as many industries transitioned to part or full-time online work. One such …

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Could Ireland be a leader in fintech development?

The financial technology (fintech) industry has seen rapid growth worldwide, in time with the rapid progress of technology itself. Examples of new products that have come with this trend are loan management software, crypto-currencies, and more. These products can be targeted for use by businesses as well as the average consumer, and together they led fintech to become a $200 billion industry worldwide in 2019; it is expected to be worth around $305 billion by 2025. The leader countries in fintech development as of 2020 include the U.S., the UK, and Singapore, with developing countries like China also expected to become major players in the near future.

However, Ireland may also have the potential to become a global fintech hub in the near future. Ireland’s pro-business governance makes it an appealing place for businesses looking to enter the industry. One aspect of this appeal is its low corporate tax rate of 12.5%. Additionally, its research & development tax credit of 25% makes it very friendly to tech companies and encourages continued innovation. Its double taxation agreements with many other EU …

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