P2P lenders will enter the mortgage market

Peer-to-peer lenders will enter the home loan market within the next five to 10 years said  SocietyOne co-founder Greg Symons. Consumers will drive the development of peer-to-peer lenders to the point that they are able to provide home loans said Symons.

“It is inevitable. It will happen. It is consumer-led to a large degree, because they are looking ultimately for a better deal.”

Source: Mortgage Business