Disrupting the Traditional Home Equity Process

This week, hosts Tim Ryan and Zack Miller sit down with Mark Schacknies, CEO and Co-Founder of NYFTYDoor a digital home equity lender that offers a 1-minute application, instant pre-qualification, and closing in a few days. NYFTYDoor is currently participating in 757 Accelerate. Watch this week's episode to hear about how Mark is tapping into an 11 trillion dollar market, electric mortgages, and much more! Tim Ryan is an angel investor and the Executive Director of StartWheel, an organization dedicated to connecting entrepreneurs with resources in Hampton Roads, Virginia.    Learn more at: https://www.startwheel.org    Zack Miller is a serial entrepreneur and author of Anomaly, a guide on differentiating yourself and your business from the crowd.   Learn more at: https://www.zackmillersays.com   Enjoy the show? Watch the Fervent Four Show LIVE every Thursday at 11 AM.   Live: https://www.startwheel.org/live/ Watch past episodes: https://www.startwheel.org/fervent-four-show/ Listen to past episodes: https://fathom.fm/podcast/fervent-four    Show notes:   (0:00) Introducing Mark Schacknies   (5:33) What is NFTYDoor   (11:18) Borrowing process + Automating a manual process   (20:42) Getting a backer for NFTYDoor   (27:31) Target Market   (33:59) BHAG (Big Hairy Audacious Goal) + Go-To-Market   (38:15) What is home equity?   (42:46) What does "NFTY" mean?   (45:12) Any pushback in the industry + Technology's impact on jobs   (53:33) Gaining digital trust   (58:38) Next Steps + Conclusion     Companies Mentioned: NFTYDoor: https://www.nftydoor.com/ 757 Accelerate: https://757accelerate.org/ Bitcoin: https://bitcoin.org/en/ Ethereum: https://ethereum.org/en/ Amazon Autonomous Trucks: https://aws.amazon.com/blogs/industries/how-autonomous-trucking-became-the-unlikely-hero-of-autonomous-vehicle-development/ Rocket Mortgage: https://www.rocketmortgage.com/ Better.com: https://better.com/ High Growth Handbook: https://www.amazon.com/High-Growth-Handbook-Elad-Gil-ebook/dp/B07DRPGGQ7   About Mark Schacknies & NYFTYDoor   Mark is the CEO and Co-Founder of NFTYDoor – a digital home equity lender that provides a 1-minute application, instant offer, and closing in a few days. He leverages two decades of experience in real estate, finance, and technology to build simple solutions to complex problems.   Americans have 70%+ of their personal wealth tied up in their home, and accessing this via traditional methods has proven to be difficult. Enter NFTYDoor. NFTY empowers people with financial independence by providing greater liquidity to peoples most important asset, their home.     Learn More: https://www.linkedin.com/company/nftydoor/ & https://www.nftydoor.com/faqs     The Fervent Four Show:   Did you know that only 4% of businesses hit $1M in revenue? Tim Ryan and Zack Miller are the creators of The Fervent Four Show, designed to help you get there. Check them out Live every Thursday at 11 AM.   Social Media: Mark Schacknies, https://www.nftydoor.com/   Twitter: @schacknies (https://twitter.com/schacknies)   LinkedIn: https://www.linkedin.com/company/nftydoor/, https://www.linkedin.com/in/schacknies/   Instagram: @schacknies (https://www.instagram.com/schacknies)   Tim Ryan https://www.startwheel.org   Twitter (personal): @ryantnt (https://twitter.com/ryantnt)   Twitter: @StartWheel (https://twitter.com/StartWheel)   LinkedIn (personal): https://www.linkedin.com/in/ryantnt/   LinkedIn: https://www.linkedin.com/company/startwheel-org/   Facebook: https://www.facebook.com/StartWheel   Zack Miller https://www.zackmillersays.com   Twitter: @zackmillersays (https://twitter.com/zackmillersays)   Facebook: https://www.facebook.com/zackmillersays   Thanks to our Sponsors:   The Hampton Roads Small Business Development Center – http://www.hrsbdc.org/en/   StartWheel – https://www.startwheel.org