Mortgage technology

The 2.5 million-member personal-finance app has saved consumers $100 million-plus since its founding in 2015, and could add a similar amount on an annualized basis to fee income.

The findings in a new TransUnion study could lend momentum to recent efforts by Fannie Mae and Freddie Mac to encourage the reporting and use of rental-payment information in lending.

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.

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.

The deal between the two fintechs aims to cut mortgage decisioning times for lenders and expand access to financing for consumers.

The fintech’s algorithms are programmed like "Tesla’s self-driving cars," according to the company’s CEO.

The company increased and diversified its income streams beyond the mortgage sector but expenses associated with stock-based compensation and a recent acquisition outweighed these gains.

The company is making progress on a focus shift to recurring revenues from transactional activities.

The average of 8% of total expenses that lenders put toward technology has a value, but it shows up more in broader organizational goals and productivity, the study found.