Digital mortgages

New player Tomo is entering this niche while a trio of established players enhance their existing offerings for their third-party channels.

The division will focus on short-form video favored by emerging homebuyers.

As the real estate finance industry transitions from the highs and lows of the COVID era into the new normal of 2022, industry standards will continue to play a key role in helping us solve ongoing business challenges, regardless of the market environment, writes the president of MISMO.

LoanLogics, a Sun Capital affiliate, has purchased LoanBeam, a company with approvals from major government-related housing finance investors to provide digital processing and income calculations for tax documents.

While most agree texting is essential, are more traditional methods, like direct mail, still necessary post-COVID?

The residential real estate investment startup, which works with lenders to help investors buy rental properties, will use the money to buy rehab property inventory for its customers.

Announcements from Paramount Residential Mortgage Group and LodeStar Software Solutions are early indications that the company’s aggressive investment in diversified business lines could pay off.

Electronic signatures and remote online notarization can now be used for mortgages that previously were signed in person, subject to certain restrictions.

A pilot conducted with a handful of independent financial advisors has transitioned to a full roll-out, with the lender offering a discount of up to $5,000 to potential borrowers through the broker-dealer.

But overall, customers are less satisfied with their origination experience compared with the 2020 survey, according to J.D. Power.

The two fintechs look to streamline document capture and credit decisioning for lenders.

Button Finance intends to use the capital to develop its underwriting platform and increase hiring.

The Series B investment round for the power buyer comes at a time when all-cash purchases account for almost a quarter of the market.

The two fintechs’ venture looks to solve the long-standing problem of connectivity as the barrier to full lending digitization.

With a huge wave of consolidation expected soon, lenders must carefully adjust their mix of personnel and technology to stay profitable, whether they plan to continue to compete or sell.

Large companies competing to become the Amazon or Google for home lending products discuss their use of acquisitions and targeted marketing to cultivate the image of being a one-stop-shop innovator.

The software from Incenter allows appraisers to use a homeowner’s mobile phone to take time-stamped and geotagged photos, in addition to dimensions recorded with a 3-D scanning digital measuring tape.

Lenders and servicers must ask three essential questions of their technology provider in order to better understand how they operate, writes the director of U.S. operations for Paradatec.