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Rick leads product and technology for Bankrate, a leader in the financial services…
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Articles by Rick
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Deploy: The Future of Work and the Future of Shiftgig
Deploy: The Future of Work and the Future of Shiftgig
Last week, we announced a change that marks the beginning of our next step at Shiftgig. We have embraced a new…
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Pulse of the Software World: 5 Software Links to Read this Week (Mar 21, 2017)
Pulse of the Software World: 5 Software Links to Read this Week (Mar 21, 2017)
Following up from my inaugural edition, for my recap of the last week's interesting technology articles, I'm going to…
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Pulse of the software world: 5 links to click this week (March 13th, 2017)
Pulse of the software world: 5 links to click this week (March 13th, 2017)
As the Chief Software Officer of Morningstar, one of the world's leading independent financial research technology…
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Rick Bowman shared thisWe're still hoping to chat with more realtors that are open to being early adopters to help save their clients a substantial amount of money. Our product team wants to chat ideas.Rick Bowman shared thisReal estate agents: got an idea where Bankrate can help you beat every other buyer's offer. DM me or drop a comment if I can pick your brain for 10min of feedback.
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Rick Bowman shared thisRealtors/brokers: 87% of homebuyers could afford $47k more house for the SAME monthly payment. Unfortunately, the system today isn’t built to get them the best deal. We’re launching our first platform to help realtors get their clients in the best home. Comment/DM if you’d share 15min of your feedback. https://lnkd.in/gV9QrDhsGive your buyers a rate 99.7% of banks can't match.Give your buyers a rate 99.7% of banks can't match.
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Rick Bowman shared thisYesterday, we launched a new brand and research that only exists because of what we built. 3.2 million mortgage originations analyzed. Real-time pricing data across hundreds of lenders. The infrastructure to connect it all in a way that produces findings that is defensible. The result: 9 in 10 mortgage borrowers overpay, to the tune of $65 billion a year. That's the problem Bankrate exists to fix. Really proud of the people who made both possible.Rick Bowman shared thisTerrific article in the WSJ today featuring our research that found 87% of U.S. mortgage borrowers since 2022 overpaid relative to rates available through Bankrate's auction. That adds up to $65B in avoidable interest payments annually. For millions, it's also the difference between affording a home and being priced out. https://lnkd.in/eajCug93
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Rick Bowman reposted thisRick Bowman reposted thisTerrific article in the WSJ today featuring our research that found 87% of U.S. mortgage borrowers since 2022 overpaid relative to rates available through Bankrate's auction. That adds up to $65B in avoidable interest payments annually. For millions, it's also the difference between affording a home and being priced out. https://lnkd.in/eajCug93
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Rick Bowman shared thisI gave Claude Code the ability to dream. It scans its own conversation logs, finds its mistakes, and writes new memory rules to fix them. First run: 676 conversations. 145 moments where I corrected it. The most common pattern? It kept ignoring its own skills toolkit; and it found that itself. Open-sourcing it: https://lnkd.in/g9bwMdZE #ClaudeCode #AIAssistants #DeveloperTools
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Rick Bowman shared thisBehind every trusted dataset is years of engineering, infrastructure and operational consistency. That’s why it’s exciting to see Bankrate’s historical mortgage rate and consumer sentiment data now available on FRED (Federal Reserve Economic Data), the online database maintained by the Research Division of the Federal Reserve Bank of St. Louis. As financial services become more data-driven and AI-enabled, strong data infrastructure matters more than ever. Trusted financial insights depend on scalable systems, automation and reliable data at scale. Proud of the teams across Bankrate who helped make this happen. We’re continuing to grow the teams building this future. If you’re interested in working on AI, data and financial technology at scale, let’s connect.
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Rick Bowman shared thisInsightful reporting on an important issue from Alex Gailey on our Bankrate journalism team — predicting the pace for the US to eliminate the gender pay gap.Most Working Women Won’t See Equal Pay Before They Retire | BankrateMost Working Women Won’t See Equal Pay Before They Retire | Bankrate
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Rick Bowman reposted thisRick Bowman reposted thisWe just opened a bunch of roles — including Director of Brand, Director of Platform Engineering, Head of Communications, Head of Product, Head of Customer Success, and more. Join us to build the future of how people save, borrow, and earn as Bankrate evolves into an AI-powered platform giving consumers greater control over their financial lives. https://lnkd.in/emN64M8k
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Rick Bowman reposted thisRick Bowman reposted thisI've seen this in my own businesses. It's remarkable. We thought only 15% would not come back but it’s actually 40% that did not come back. They can afford the pay cut cause they're living in jurisdictions where cost of living's much lower, better schools, maybe they're in a rural situation. 40% of my staff work all around the world now, and they're just loving it.
Rick Bowman commented on a post
1mo
Congrats! That's so exciting!
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Rick Bowman liked thisRick Bowman liked thisHomebuyers in America's largest cities are paying thousands of dollars a year more for their mortgages than they need to — and the bigger the market, the bigger the penalty. In my latest story for Bankrate, I looked at how much homebuyers are shelling out in excess mortgage costs in the 10 largest U.S. metros. Los Angeles is the worst of the 10: 83% of borrowers overpay, by an average of $8,139 a year, or nearly $150,000 over a 30-year loan. Miami comes in second at $6,358, then New York at $6,012, Washington at $5,816 and Dallas at $5,320. Nationally, borrowers overpay for their mortgage by $3,343 on average. What our exclusive research at Bankrate really shows is how much mortgage borrowers in expensive markets stand to lose. Half of a percentage point may not sound like much, but on a pricey home purchase, that's thousands of dollars a year and tens of thousands over time in unnecessary interest. To get this data, we compared 3.2 million 2025 HMDA loan originations against binding, competitive offers available at the time on Bankrate's marketplace, controlling for over a dozen factors that affect loan pricing. So why does this keep happening? Many buyers don't have the tools to effectively shop for a mortgage (a complex financial product), housing experts say. Mortgage lending is price transparent on paper, but buyers often have no way to tell whether the offer in front of them is a good one. And it's easy to get overwhelmed in the process: 49% of buyers seriously consider only one lender, according to the National Survey of Mortgage Originations. Real estate agents also tend to recommend lenders they trust to close on time, especially in competitive markets. Buyers who take that referral often skip shopping around and leave money on the table. ✍ The full story, plus five smart moves to make when you shop for a mortgage: https://lnkd.in/eduxhqrJHomebuyers Overpaying Thousands on Mortgages in Top Metros - BankrateHomebuyers Overpaying Thousands on Mortgages in Top Metros - Bankrate
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Rick Bowman liked thisRick Bowman liked thisKaroline Leavitt is stepping down to "spend more time with her family," which reminds me of when I had to report on the end of Andrew Mason's time at Groupon, and the greatest CEO resignation letter in history.
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Rick Bowman liked thisRick Bowman liked thisTo the extent that AI use boosts firm performance, some early signs here that early AI adopting firms that were already doing well may start to outpace others. Data from OpenAI shows some firms are using AI much more, and the gap between them and other firms increasing, and these high adoption firms tend to be those that started with the most productive employees.
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Rick Bowman liked thisRick Bowman liked thisLate to the party. I've been quietly and diligently watermarking my code and content with em dashes for years... https://lnkd.in/g9FRrUMUAnthropic says it will watermark text generated by its AI models | TechCrunchAnthropic says it will watermark text generated by its AI models | TechCrunch
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Rick Bowman liked thisRick Bowman liked thisI put together this Media Sizzle for Bankrate. Great information if you're about to buy a home.
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Rick Bowman liked thisRick Bowman liked thisY Combinator invited us to speak at Health Day last Friday. Hundreds of founders from around the world came to San Francisco to build at the intersection of AI and health. We joined Terra API, HYBRD, and LotusAI for YC Health Day, which was a different kind of kickoff to Y Combinator’s Startup School week in the best way possible. Workout first. Then padel, sauna, and cold plunge. Then the real work. Afterward, our Founder and CEO Tyler Smith sat down with founders to talk about the problem Hundred is built to solve: not collecting more health data, but turning bloodwork, medical records, and wearable data into clear priorities and a personalized 100-day plan. What stood out was the level of the conversation. This wasn’t a room asking how to build another dashboard. Founders were asking how recommendations are validated, how clinical trust is earned, and how an insight becomes something a person can actually act on. Health data is abundant. Clear decisions are not. It’s why Hundred combines connected data with clinician-supported context and a wellcare team behind the plan. Many thanks to Terra API for bringing everyone together, and to HYBRD, Lotus AI, Y Combinator, and every founder who came from around the world to move, question, and build. When you're ready for the most holistic picture of your health 👇 https://lnkd.in/evD4U3vB
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Rick Bowman liked thisBuying your house is likely one of the largest financial decisions you’ll make in your lifetime. It’s also one that most of us know very little about. We’re not taught about mortgages in school; we enter adulthood armed with knowledge of how to find the area of a circle and that the mitochondria is the powerhouse of the cell. When it’s time to buy a house, we’re often left to fend for ourselves. If you’re lucky, you have a competent loan officer or broker in your corner. If you’re not, you could be steered toward a loan that’s more expensive than it should be. And the process doesn’t end once you’ve signed on the dotted line; most mortgages are 30-year contracts, and a lot can change in that time. Interest rates will rise and fall. Knowing how — and when — to refinance your mortgage can help you take advantage of those dips. Your life’s circumstances can change, too, which might require you to make a change to your mortgage. I interviewed three homeowners who did exactly that a combined six times. You can read why they did it on Bankrate: https://lnkd.in/eYHZ8vXjMortgage refinancing: 4 lessons from 3 real homeowners | BankrateMortgage refinancing: 4 lessons from 3 real homeowners | Bankrate
Experience & Education
Licenses & Certifications
Publications
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VB.NET: Your Visual Blueprint for Building Versatile Programs on the .NET Framework
Wiley Publishing
See publicationExplored the facets of the first version of Visual Basic delivered on the .NET Framework, VB.NET 2002 (.NET Framework 1.0). The 352-page book was released concurrently with Microsoft’s release of VB.NET 2002 and was available at major booksellers worldwide.
Honors & Awards
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Chicago’s Notable LGBTQ Executives
Crain’s
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2013 Financial Services/Banking Webby Award
Webby Awards
http://winners.webbyawards.com/2013/web/general-website/financial-servicesbanking
Languages
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English
Native or bilingual proficiency
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French
Elementary proficiency
Recommendations received
5 people have recommended Rick
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