Shashank Shekhar was named 2022 Entrepreneur of the Year and the winner of the Stevie Awards by American Business Awards. After starting his business in possibly the worst year for financial markets i.e., 2008, Shashank Shekhar has led InstaMortgage to be one of the fastest-growing mortgage companies in America and the fastest-growing private company in Silicon Valley. In 2017 and in 2021, InstaMortgage (fka, Arcus Lending) was named to the Inc 500 list of the fastest-growing private companies in America (aka “Most Exclusive Club in Business”). Shashank is the host of the podcast - Shashank Redemption, where he and his guests talk about entrepreneurship, technology, and life skills.
The consumer experience when it comes to mortgages is not just a technology problem, or it’s not just a human problem – it’s kind of tech plus human problem that we need to fix. Companies that do both of those things better are the companies that will thrive over the next three to five years as we can see the consumer preferences changing.
Usually stocks and mortgage rates move in the same direction, i.e., when stocks move up, mortgage rates do, too,. That's not the case right now. The S&P is hovering at the highest level ever and mortgage rates are trending lower.