The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.

The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.

The merger was supposed to close on Aug. 3, but an approval was not received in time, although regulatory certainty was a selling point of the CrossCountry bid.

The investment is expected to bring a 40% increase to Chase Home Lending's mortgage capacity, with the addition of 850 new advisors, the company said.

The mortgage technology unit of Intercontinental Exchange reported a return to profitability in the second quarter, as revenues continued their recent rise.

Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.

For the second consecutive quarter, the real estate investment trust recorded GAAP net income as it prepares to be acquired by CrossCountry Mortgage.

The sale comes several months after private equity firm Hale Capital Partners acquired the financially troubled company formerly known as Voxtur Analytics.

The mortgage unit of Rithm Capital anticipates annual savings from its upcoming move to the Valon servicing platform to approach $65 million.

The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.

ICE data reveals home value growth hit a 15-month high, prompting originators to target resilient markets like upstate New York and pivot focus toward single-family inventory.

More than 80% of lenders are evaluating AI tools across their businesses, yet only 17% have deployed the technology in live production workflows.

Administered by a union benefits group, HomeAhead will provide strike and lockout mortgage relief alongside financial literacy programs and lending discounts.

With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.

The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.

Randian Capital, which has limited influence due to its small stake in the top mortgage company, is recommending a new strategy for the servicing portfolio.

The deal has Carrington employing the fintech's AI agents at servicing contact centers to work either autonomously or as assistants to human personnel.

Movement Mortgage added to its operations leadership and Click n' Close named a new chief information officer.

Mid-Atlantic home sales climbed in June as inventory grew, even with mortgage rates near 6.5%. High-income and repeat buyers led the gains, Bright MLS found.

Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.