Fintechs getting a boost from coronavirus outbreak

Timothy Mayopoulos, president of Blend, said the coronavirus is creating an additional sense of urgency for financial institutions that may have been on the fence about investing in digital mortgage technology before. “But there has been interest in digital technology for lots of other reasons before and will continue to be,” he said. Another mortgage tech vendor, Black Knight, has not seen a change in behavior since the coronavirus outbreak. “Adoption of our digital mortgage tech continues to be strong, but doesn’t appear to be driven specifically by this as of yet,” a spokesperson said.