"There’s no chance that the iPhone is going to get any significant market share. No chance." So said the then CEO of Microsoft, Steve Ballmer on its launch in 2007.
History is littered with those that have dammed the new and the threatening. But Bill Gates said most people overestimate the change that will occur in one year and underestimate what will happen in ten years.
Are we at a similar point in the distribution process of mortgages? Robo advice, tech enabled solutions. But, whilst the current ‘model’ may not be perfect, it works, and won’t be disappearing overnight.
The revolutionaries are saying the end is nigh, Intermediaries will be redundant, lenders will go direct, consumers will use the internet only.
The naysayers will sight the complexity of the process, the human touch, the importance of experience. Are they like Canute, standing firm, as the waters lap round their ankles.
Is the process really so multi-faceted and complex that the new kids on the block may look and sound different but won’t be around long once the VC money runs out.
What is the reality? Is it hype? Is there a time frame that allows all parties involved to develop and deliver a workable strategy?
Our experienced and informed panel will give their view on what is fact, what is fantasy and debate the likely future direction for the mortgage market.
Mark Graves, Managing Director, Sesame Bankhall Group
Mark Lofthouse, CEO, Mortgage Brain
Maria Harris, Director of Intermediary Lending, Atom Bank
Seb McDermott, CEO, Dynamo
Brad Fordham, Managing Director, Santander for Intermediaries