NMP’s 40 Under 40, 2021
Summary
The industry has been trying hard to streamline the mortgage closing process with electronic and remote capabilities to continue to deliver its products and services to borrowers - in spite of the huge difficulties we have all faced in recent years. One important piece of advice that I received early in my career, one that isn’t obvious, and may even seem far-fetched, is expect to spend a full three times the cost of deploying a new technology to maintain it over its first three years in production. I’ve found this to be resoundingly true, especially in the mortgage industry where technologies need to constantly evolve to keep pace with quickly shifting market-dependent business strategies, and the ever-changing compliance landscape. Now, more than ever, lenders have the opportunity and technology to revamp the way they do business by embracing a digital lending journey, and leveraging this to be agile to quickly navigate changes in the volatile marketplace with growing competition and shifting demands. During his senior year at Boston University, Brian Zitin, along with co-founder Will Denslow, skipped class to work on a brokerage firm that used algorithms to source deals, selling $5 million in real estate total.