Our Story

Our Story

Prelude to Our Story

In the aftermath of the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) was put into law. Title X of the Dodd-Frank Act (aka: "Consumer Financial Protection Act of 2010"), created the Consumer Financial Protection Bureau ("CFPB" or "Bureau") as an independent agency within the Board of Governors of the Federal Reserve System ("Federal Reserve").

The CFPB regulates the offering and provision of consumer financial products and services under federal consumer financial laws [1]. The CFPB is a U.S. government agency that is tasked to make sure banks, lenders, and other financial companies treat borrowers fairly. They are formed with the intent to protect the consumer and regulate banks/lenders/financial companies.

After spending Billions of taxpayer money, CFPB came up with a format for Loan Estimates that would be easier for borrowers to understand the cost and shop around. CFPB states on their website: "Get quotes from three or more lenders so you can see how they compare. Rates often change from when you first talk to a lender and when you submit your mortgage application, so don't make a final decision before comparing official Loan Estimates" [2].

Where We Come From

Being an integral part of these financial institutions and their operations, the founding team at Confer has witnessed the fact that despite the existence of bodies like CFPB, consumer pain points persist because of the multi-layered, unnecessarily complex, non-transparent financial ecosystem.

With 145+ years of combined experience in finance and technology, we decided to disrupt the market.

What We Do

Even when the CFPB says “don't make a final decision before comparing official Loan Estimates”, a tool to compare official loan estimates doesn't really exist. And this leads to a lot of non-transparent fees and processes that are not favorable for the consumer.

This is where we decided to step in and create a product and service that put the consumer at the center. The Confer app is the only tool available today that uses patent-pending technology to compare two or more official mortgage estimates to find the most advantageous mortgage rate for a borrower, whether they’re buying or refinancing their home.

Our Team

Confer’s founding team has made a significant contribution to the mortgage industry over the last two decades and won various accolades. We are now putting our combined experience to deliver a consumer centric product that enables them to make informed decisions.

We set out with immense passion to achieve this goal. Working two jobs, sleepless nights, sacrificed family time, hours of brainstorming. All focused towards placing the power back in the consumer’s hands.

We are not allied to any institution, government or private entity. Our aim is to help the consumer get the most advantageous deal. We want to create a truly open and transparent system for every borrower and every investor across borders.

With Confer, it is time to democratize finance.

Our Vision

To democratize finance across the globe, making it affordable, available, and transparent to lend/borrow or invest money

Our Mission

To build a consumer finance marketplace that works for every borrower and every investor every single time

Our Core Values

- Transparency
- Integrity
- Reliability
- Trustworthiness

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Diverse, Remote-first,
Global Team

About Our Founder

Yatin Karnik

Yatin Karnik [1] is a U.S.-based entrepreneur, business executive, and philanthropist. He is the founder and CEO of Confer Inc., a FinTech startup, and Diabetes Free Life, a non-profit organization [2].

Karnik has extensive knowledge and experience in the residential lending business and specializes in risk mitigation, people management, regulatory and strategic program management.

Confer is based in California and has become one of the leading financial technology firms that focus on democratizing mortgages [3].

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