For today and tomorrow's borrowers, the traditional mortgage experience falls far short of expectations. There are multiple documents to sign some in-person and lots of waiting. And waiting. And borrowers often have no idea where their application is in the lender's pipeline or if they'll have to fulfill any last-minute requests.
Mortgage startup NFTYDoor plans to launch a home equity platform, promising borrowers "a one-minute online application and funding in as little as three days."