Fortune recently published an article by Sanjiv Das, CEO discussing how difficult it can be for gig economy workers to buy homes because they often lack the required paperwork. With an estimated 55 million Americans combining income from “side hustles” and various streams of income, the gig economy is here to stay, and these professionals should be able to embark on their dreams of homeownership.
“As the composition of America’s workforce changes, we need to update our laws and practices so that consumers can access credit responsibly and without compunction. I’ve always believed that those who demonstrate an intention to repay a loan should be able to obtain a mortgage. Treating consumers with dignity should be job number one for any financial institution. And I can think of no greater way to accomplish this than respecting workers who want to apply for a mortgage—no matter their profession,” writes Sanjiv.
Read the full article here