Submitted by [deleted] t3_11c3yq2 in wallstreetbets
DYTTIGAF t1_ja1ph7h wrote
Reply to comment by Dpope32 in Why SoFi is Poised to Take Over the Fintech Industry: An In-Depth Analysis by [deleted]
I have "been their and done that"...with one of the largest mortgage companies in the country 2 decades ago.
Technology can only go so far in shaving costs and delivering a "financial product line" to scale. If your models are bad the more you scale...the more money you lose. Ironically.
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