Mike Yu

Mike Yu, co-founder and CEO of Vesta, discusses the surprising challenges of mortgage refinancing in the digital age. He highlights why securing a mortgage isn't a simple one-click process, attributing it to outdated IT systems and strict regulations. The conversation delves into the complexities of integrating modern technologies like AI and blockchain into legacy platforms and how institutional inertia hinders progress. Yu emphasizes the urgent need for streamlined processes and better data sharing to enhance the homeowner experience.