Consumer direct

Dramatic shifts in borrower expectations and a growing purchase market have elevated consumer-direct mortgages from a refi-driven channel to an alternative for staff-heavy lending to homebuyers.

Social Finance's online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.

Ellie Mae has introduced a new online retail loan origination platform and a new portal for the tools and documentation supporting its Application Programming Interfaces.

Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.

JPMorgan Chase has partnered with fintech firm Roostify to build a digital self-service mortgage platform that will allow consumers to upload and electronically sign mortgage documents.

Renovate America, one of the largest providers of Property Assessed Clean Energy loans, is expanding into unsecured lending.

The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

Fairway Independent Mortgage Corp. is rolling out a new mobile application that allows consumers to apply for a loan, scan documents and get updates on their loan status through real-time push notifications.

Ally Financial is now making home loans.

A flood of fintech companies are promising to create a better experience for mortgage borrowers, forcing lenders to contemplate buying a vendor's software, building applications in-house — or even outright acquiring a company with digital expertise.