>> THAT'S RIGHT BOEING IS STILL
THE WORST PERFORMER IN THE DOW
RIGHT NOW DOWN MORE THAN ONE
PERCENT, BUT IT'S NOT HOLDING
BACK THE DOW RIGHT NOW. SO TRUE
STATEMENT.
>> RIGHT TO BUY A NEW
ASSOCIATION OF.
TO SUPPORT INDEPENDENT
MORTGAGE BROKERS.
>> TECHNOLOGY IS USED IN ALMOST
EVERY PART OF OUR LIVES BUT ONE
PLACE WHERE WE CAN EXPECT
SIGNIFICANT GROWTH
IN TACK IS THE REAL ESTATE
INDUSTRY JOINING US NOW TO
DISCUSS IS CHAIRMAN ANTHONY
CAUSE ANTHONY WELCOME BACK TO
THE SHOW. SO WE'LL HAVE YOU
BACK HERE. HOW MUST HACK HELP
INDEPENDENT MORTGAGE BROKERS
GET A BETTER DEAL FOR THEIR
CLIENTS. WELL.
>> 5 YEARS AGO A QUICK AMOUNT
OF THE CANAL ROCKET MORTGAGE
SORT OF HAS THE A BREAKTHROUGH
IN TECHNOLOGY, THE
MORTGAGE INDUSTRY SINCE THEN
THE LET THE PLAYING FIELD HAS
BEEN COMPLETELY LEVEL SO RIGHT
NOW YOU GO GET A MORTGAGE FROM
A INDEPENDENT MORTGAGE BROKER
YOUR CLIENT EXPERIENCE IS GOING
TO BE EXACT SAME AS IT WOULD BE
WITH ROCKET MORTGAGE OR QUICKEN
LOANS. SO IT'S LEVEL THE
PLAYING FIELD SO WHAT THAT HAS
DONE IS IT'S CREATED
A MECHANISM WHERE CONSUMERS CAN
GET THE SAME EXPERIENCE FOR THE
GUY WITH THE BIG LENDER
A BROKER BUT THEY'RE GOING TO
GET CHEAPER MORTGAGE BROKER
BECAUSE THEIR COST TO OPERATE
THAT'S SUBSTANTIALLY LOWER
BECAUSE
THEY'RE NOT OBVIOUSLY DOING ALL
THE BILLION MARKING BUDGET ALL
THE THINGS THAT THE BIG LENDERS
ARE DOING HOW CAN WE EXPECT.
>> ALLERGY TO CHANGE THAT MANY
YOUNG MILLENNIALS AND GEN X-ERS
BY HOME.
>> I THINK THE BIGGEST THING
IS IT'S GOING TO IT'S GOING TO
PUT THE CONSUMERS IN A POSITION
WHERE THEY HAVE MORE ACCESS
THAT DATA AND INFORMATION I
THINK THAT'S WHERE THE MARKET'S
GOING IS
CONSUMERS WILL BE ABLE TO MAKE
BETTER DECISIONS GAVE US EITHER
OPTIONS EASIER WILL BE ABLE TO
HAVE INVESTOR GREAT INFORMATION
THING ABOUT PURCHASING HOMES
WHICH THEY NEVER HAD BEFORE SO
I THINK
BROKE GROUND ON BRING
TRANSPARENCY TO THE MARKET
BRING TRANSPARENCY TO
CONSUMERS. I THINK THAT THAT
TREND IS GOING TO CONTINUE
LET'S TALK I BUYING IT'S
GETTING A TON OF ATTENTION
RIGHT NOW PEOPLE WHO AREN'T
FAMILIAR WITH IT BREAK DOWN
WHAT IT IS AND ALSO A
REMINDER DOESN'T. I MEAN THEY
WERE GOING TO GET THE BEST
PRICE RIGHT I'M CURIOUS HOW
LONG YOU THINK THE TREND IS
GOING TO CONTINUE I THINK I BUY
IS A NICHE MARKET I THINK IT
WILL CONTINUE TO BE A NICHE
MARKET I THINK IT'S GOING TO BE
A MARKET LEADER AT ANY POINT I
THINK WHEN YOU'RE WHEN YOU'RE
THINKING ABOUT I BUYING WHAT
YOU'RE THINKING ABOUT IS THIS
IS INVESTORS INSTITUTIONAL
INVESTORS PUTTING THEIR MONEY
IN A REAL STATE, SO THEY ARE
WILLING TO COME BY OR HOME AT A
SET PRICE BASED
ON DATA AND BASED UPON
THAT PRICE POINT THEY'RE HOPING
TO TURN A TURN OF RETURN ON
INVESTMENT WHEN THEY SAW THAT
HOME. YOU'RE SEEING A VERY
POPULAR IN CERTAIN MARKETS
WHERE HOME APPRECIATION STRONG,
BUT IN OTHER MARKETS HAS HAD 0
IMPACT AT ALL OR HAS YOUR
PRESENCE AT ALL.
SO IN MY OPINION IT WILL
CONTINUE TO BE THAT WAY BECAUSE
YOU KNOW FOR INVESTORS THEY
WANT TO MAKE SAFE BET SO THEY
WANT TO BET ON MARKETS THAT
HAVE SEAN APPRECIATION, NOT
EVERY MARK IN THE COUNTRY
HAS THAT.
>> AND WE ARE GIVE US ALL SORTS
OF NEW CAPABILITIES RIGHT WHEN
IT COMES TO SHOWING A PROPERTY
OR EVEN DECOR.
I'VE SEEN IT TAKE OFF I GET SO
MUCH AND GAINED POPULARITY.
DO YOU THINK THAT THAT'S GOING
TO HAPPEN.
>> I THINK WHAT YOU'RE GOING TO
SEE IS ONCE 5 G BECOMES
THE NEWS AND YOU'RE GOING TO
SEE THAT TAKE OFF IN A BIGGER
WAY I THINK RIGHT NOW AT WHAT'S
BEEN THE BARRIER. THAT'S WHAT'S
BEEN HOLDING IT BACK
BUT AS SOON AS YOU SEE 5 G TAKE
OFF YOU'RE GOING TO SEE THAT
BECOME THE NEW STANDARD IN THE
WAY LISTINGS OF HOMES ARE SOLD
THE WAY OF CONSUMERS
AT LEAST FIND HOMES ARE STILL
GOING WANT TO GO IN A HOME THAT
IS STILL ON IT HUH EXPERIENCED
NEIGHBORHOOD IN THE COMMUNITY
AND ALL
THOSE THINGS BUT AT THE END OF
THE DAY I THINK IT WILL HELP
ENHANCE THE SHOWCASING OF
PROPERTIES ON
THE ONLINE.
>> HERE WE ARE APPROACHING THE
END OF THE DECADE ON TAKE A
LOOK BACK AND JUST THINK ABOUT
THE LAST 5 YEARS AND ABOUT
TECHNOLOGY'S EFFECT ON REAL
ESTATE ON THE
MORTGAGE INDUSTRY. WHAT DO YOU
THINK WHAT TEXAS HAD THE
BIGGEST EFFECT ON THE INDUSTRY
JUST LAST 5 YEARS,
I MEAN.
>> ON THE WHOLE REAL ESTATE
INDUSTRY I WOULD SAY THE 2
BIGGEST DRIVERS OF CHANGE OR
IMPACT HAS BEEN
ZILLOW AND AIR BNB I MEAN IF
YOU THINK ABOUT WHAT AIR BNB
HAS DONE IS IT'S CREATED A HIT
A WHOLE NEW WORLD
OF INVESTORS, INDIVIDUAL
INVESTORS AT THE COMMUNITY
LEVEL THAT ARE LEVERAGING AIR
BNB IN CREATING WEALTH
THAT WAY.
>> ARE YOU SEEING THAT THOUGH
DRIVE
UP PRICES.
>> I'M SEEING IT DRIVE I WOULD
SAY IT'S IT'S IT'S IT'S
CREATING STABILITY, BUT IT'S
ALSO CREATING A NEW MEASURE OF
A NEW WAY FOR THE HOMEBUYER TO
MEASURE HOW THEY'RE LOOKING AT
THEIR HOME SO USED TO BE ON
BUYING A HOME. I
WANT TO LIVE IN THIS COMMUNITY
I'M GETTING A RETURN ON
INVESTMENT AIR BNB IS CREATE A
MARKETPLACE WHERE YOU'RE ABLE
TO GET ON DEMAND
RENTAL INCOME AND AS A RESULT
OF THAT YOU'RE LOOKING AT AS
NOT JUST YOUR HOME BUT MORE OR
LESS AN INVESTMENT TOOL SO I
KIND OF LOOK AT THAT CHANGING
OF THE GUARD WHERE MILLENNIALS
ARE NOW LOOKING AT HOMES AS
INVESTMENT OPPORTUNITY.
>> AT THIS DECADES COMING TO A
CLOSE IN THE NEXT DECADE.
RIGHT 30 ON THE HORIZON.
>> I THINK THE AH THE THE
BIGGEST THING THAT YOU'RE GOING
TO SEE IS THAT.
>> YOU ARE GOING TO SEE
CONSUMERS PUT IN A POSITION
WHERE THEY WILL BE ABLE TO
MAKE DECISIONS.
>> AS IF THEIR CASH THEY'RE
GOING TO BE ABLE TO GET
PREQUALIFIED IN A WAY THAT
THEY'VE NEVER BEEN ABLE TO
PREQUALIFIED BEFORE SO THEY'RE
LITERALLY GOING TO HAVE A
SHOP AROUND WITH A CHECK IN
HAND TO BE ABLE TO BUY HOMES DO
NOT HAVE ALL THE CONDITIONS AND
THAT THEY HAVE A PASSING COME
VERIFICATION AND EMPLOYMENT
VERIFICATION AND HOME VALUE
HOME VALUATION AN APPRAISAL SO
LIKE FOR ME I
JUST SEE MORE OF AN EMPOWERED
CONSUMER THAT IS PUT IN A
POSITION BECAUSE THEY CAN
PROPERLY VERIFY ALL THERE ARE
NO QUALIFICATIONS
UP FRONT. THEY CAN SHOP MORE
AGGRESSIVELY AT THE NCAA SUCH.
>> CHAIRMAN AND A GREAT TO SEE
YOU
THANKS FOR AND THANK YOU I HAVE
YOU KNOW AS WE ALL SAY THAT FOR
THE END OF THE YEAR IF YOU.
>> YOU'RE LOOKING TO BUY A HOME
LOAN MORTGAGE BROK