When it comes to mortgages, there is little Brian Faux hasn't seen. The 32-year-old worked in the industry before, during and after the 2007 real estate crash at places like Wells Fargo, Freddie Mac, Long & Foster and other major players. In 2010, he helped rewrite federal mortgage policy as a senior advisor at the Federal Housing Administration.
Now, he's building a start-up called Morty that he says could change the way mortgages are bought and sold.
Morty is a full-service mortgage broker that is completely digital. Users compare loan products from major lenders and can close a mortgage in about seven days, all without any paperwork or having to speak with a broker. The start-up reduces confusion for consumers and lowers application and closing fees, Faux said.
"The whole idea of Morty is really pulling back the curtain on the industry," Faux, who is Morty's co-founder and CEO, told CNBC.