Sure, sites like Zillow and Trulia have forever changed the way we shop for homes and Airbnb has re-imagined the way we rent them out. But the underlying pipes that make the real estate market run have largely remained stuck in the past. The seven real estate companies on the Forbes Fintech 50 list for 2018, including five newcomers, are trying to change that. Companies like Better Mortgage, Blend and LendingHome are re-engineering the way mortgages are applied for and underwritten. While Cadre and Fundraiser are moving real estate investments from Excel spreadsheets to the digital world.

Better Mortgage

Digital-only mortgage originator estimates the loan an applicant qualifies for within three minutes using stated income and a credit score check. Once borrower uploads required documents, the company says, it usually completes underwriting and issues a “verified pre-approval letter” within 24 hours, allowing house hunters to compete with all-cash buyers. Better Mortgage gets paid by the institution buying the loan, not directly by consumers, and uses its proprietary software to match the two. A matching guarantee assures borrowers they’re getting a fair deal.

Blend

Speeds up the mortgage approval process at the nation’s largest lenders with its cloud-based white label software. Prospective borrowers can link to online bank statements, tax returns and pay stubs. That chops days off the approval process and reduces document fraud. Plans to expand its services this year to auto, student, and other lenders.

Cadre

The invitation-only platform allows high net worth individual and institutional investors to buy shares in commercial real estate and multifamily deals at lowers fees that are typical in real estate funds and REITs.

Fundraise

Crowdfunding platform that allows anyone with $500 to invest in diversified real estate portfolios. Launched eFunds in 2017, selling shares in portfolios dedicated to building and remodeling single-family housing in urban locations.

GreenSky

Provides on-the-spot financing for home improvement projects (with loans up to $65,000) via a network of contractors and bank partners — without itself taking on the risk of defaults. Most borrowers don’t pay a dime in interest thanks to zero-interest promotional periods that last from 6 to 60 months. Recently began offering to finance at doctor, dentist and veterinary offices.

Lemonade

Provides insurance to urban renters for as little as $5 a month and to homeowners for as little as $25. Customers can sign up, modify or cancel their policy on the app. Novel model, designed to cut administrative costs and disputes, lets Lemonade keep 20% of customer premiums, with the rest earmarked for claims payouts and any surplus divvied up to charities of customers’ choosing. About a third of claims are paid automatically.

LendingHome

Four-year-old online lender started out providing bridge loans to fix and flip housing investors, a historically underserved segment. With original product now available in 25 states, LendingHome has expanded into personal mortgages in 14. Also offers investments in its flip loans to accredited investors.

Courtesy of Forbes.com and credit to Samantha

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