2 days ago

21: Lessons Learned From Rocket Mortgage Canada’s Journey with Rocket Mortgage Canada's Chris Colasanti

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EPISODE DESCRIPTION

In this episode, Bekim is again joined by Chris Colasanti. Chris is a founding team member of Rocket Mortgage Canada and the VP of Strategy & Analytics and Rocket Pro at Rocket Mortgage Canada from Windsor, Ontario. A graduate of the Lazaridis School of Business & Economics, Chris has brought an innovative and energetic demeanor as well as a passion for technology and data driven decision making to Rocket Mortgage Canada since 2020.

Chris is here to discuss:
→ Why it's so hard to start a lender in Canada, including: Canada's oligopolistic banking structure, the "big six", creating barriers for new entrants, slow regulatory changes, and the difficulty of scaling with high capital requirements & tighter margins.
→ The differences between the Canada and US lending industries like technology and unit economics, and how Canada's risk-averse culture is becoming detrimental to innovation and economic growth.
→ The lessons learned from Rocket Mortgage Canada's journey, the enduing spirit of the team and building a strong culture, and the importance of innovators carrying the torch forward.

Chris's 1st Lending Thoughts Appearance: www.lendingthoughts.com/e/11-chris-colasanti

Chris Colasanti's LinkedIn: @ChrisColasanti

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CONNECT WITH ROCKET PRO CANADA

🔗 Rocket Pro Canada Website: www.rocketpro.ca

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