Modern Infrastructure with Julian Fayad
Sam Panetta discusses how building modern infrastructure can streamline processes and support businesses with tech-savvy Julian Fayad from LoanOptions.ai.
LoanOptions.ai didn’t happen overnight. Julian built it by chipping away at the lowest-hanging fruit he saw as a broker.
1) Chip away at the lowest-hanging fruit
Julian didn’t just have an idea one day. He chipped away at the lowest-hanging fruit the whole way through, and eventually it became LoanOptions.ai.
- It didn’t happen overnight.
- Small fixes add up.
2) Built from a broker’s pain points
Julian spent almost nine years as a broker before launching LoanOptions.ai, and started building it six or seven years into his career. He saw the pain points first-hand.
- Nearly nine years as a broker.
- Started building six to seven years in.
- Solve the problems you live with.
3) Legacy systems and gatekeeping
Bringing tech into an industry built on legacy systems and legacy ways of doing things is hard. There’s a lot of gatekeeping, and some lenders aren’t set up for modern tech and workflows.
- Legacy systems slow change.
- Some lenders resist new workflows.
4) Work within the system, then push it forward
LoanOptions.ai has worked within the existing infrastructure, while challenging lenders through meaningful conversations to adopt newer and better ways of doing things.
- Work with what exists.
- Push lenders to modernise.
The biggest lesson from Julian Fayad
Modern infrastructure gets built one pain point at a time: start with what’s easiest to fix, work within the system, and keep pushing it to improve.
