Inside the $13T Mortgage Machine

In this a16z podcast episode, Angela Strange leads a discussion with Tim Mayopoulos, Mike Yu, and Andrew Wang about the technology infrastructure of the mortgage industry. The conversation explores why mortgage tech has been slow to innovate, the challenges of standardization and regulation, and the impact of outdated software on homeowners and lenders. They discuss the potential of new infrastructure to lower costs, improve user experience, and enable better data transparency. The speakers also delve into the application of AI in mortgage processes, its role in regulation, and how lenders can prepare for an AI-driven future, envisioning a more efficient, transparent, and automated mortgage system.