Lending Mortgage News

Defy Mortgage Created to Disrupt Traditional Mortgage Lending Norms

Defy Mortgage Created to Disrupt Traditional Mortgage Lending Norms

Homeownership remains the most important contribution to generational wealth available to consumers today

Defy Mortgage, a national mortgage lender offering unique lending solutions for responsible borrowers with nontraditional income streams and asset types, kicks-off 2023 with its national launch. Company leadership acknowledges that its challenge to conventional mortgage lending standards is a key differentiator in this economy.

“We are the best resource for entrepreneurs and solopreneurs to secure a mortgage loan supported by various forms of collateral.”

Defy Mortgage intends to increase homeownership across the country by focusing specifically on consumers that have embraced alternative forms of income. With the rise of the gig economy, Defy takes a holistic approach to evaluating a homebuyer’s entire asset portfolio including cryptocurrency and bitcoin.

Latest Fintech News: Car IQ Partners With BlackBerry IVY For CES: Showcases New Vehicle Wallet That Lets Drivers Pay Right from Their Dash

“In the wake of a global economic shift in employee preference to work remotely, Defy Mortgage recognizes the need for an innovative, more transparent and open way to lend money to consumers with alternative forms of income,” said Todd Orlando, Co-Founder and CEO of Defy Mortgage. “We are the best resource for entrepreneurs and solopreneurs to secure a mortgage loan supported by various forms of collateral.”

Millions of potential homeowners are sidelined because their income is not recognized as traditional. Mortgage lending standards are antiquated and most mortgage lenders have not adjusted to the shift from a single income stream to multiple forms of income. Defy Mortgage understands that consumers are working independently and seeking financial flexibility more than ever before.

Latest Fintech News: Dextra Partners Announces Formation with $2.5 Billion of Investable Capital from Strategic Partners

“Defy has disrupted the traditional lending model,” said Stephen Light, Co-Founder and Chairman of Defy Mortgage. “Anyone with the financial means to pay a mortgage must have options tailored to meet their individual needs.”

Defy Mortgage is a modern lender serving a community of present and future homebuyers who require a secure, efficient and personalized loan process, free of setbacks stemming from alternative asset types or unconventional income streams.

Latest Fintech News: Burnout Hitting Consumer Confidence, Finds KeyBank Survey

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Bates Group Announces Partnership with Linda Tuck Chapman, Ontala Performance Solutions

Fintech News Desk

Natural Catastrophe Insurance MGA, Delos, Closes Seed Funding Round with IA Capital and Avanta Ventures

Fintech News Desk

Steele Launches PolicyManager: The Next Generation in Policy Management Software

1