At a Glance: The NMLS license is a state-specific license required for individuals and companies involved in mortgage loan origination, processing, or servicing in the United States. Obtaining an NMLS license involves completing pre-licensing education, passing a background check and licensing exam,…
At a Glance: Credit product startups are flourishing thanks to low-interest rates, venture capital, and the growth of mobile and internet penetration. The success of these startups relies on five key factors: insight, data, risk, performance, and scaling. The first step is identifying a key insight …
At a Glance: Fintech startups commonly offer lending products and need debt capital to expand their credit business. Debt facilities are financial arrangements between lenders and borrowers, with a legally binding contract outlining the loan amount, interest rates, repayment schedules, and any restr…
At a Glance: The Nationwide Multistate Licensing System (NMLS) is a centralized platform streamlining licensing and regulation for non-depository financial service providers in the US. Established in 2008, NMLS simplifies application, submission, and review processes for mortgage loan originators, c…
At a Glance: Fintech lending is a fast-growing area within the financial technology industry that leverages innovative technologies to offer loans and lines of credit faster and more efficiently than traditional banks. Fintech lending also provides loans to niche and underserved markets, such as imm…
At a Glance: Debt and equity are two common options for startup financing, each with their own benefits and drawbacks. Debt capital must be repaid with interest over a set period of time, while equity involves selling a portion of ownership to investors. Startups should consider the specific circums…