Mortgage technology

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.

The $146 million deal could indicate that volume in the asset class has gotten large enough to support programmatic activity in the pricey housing market.

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.

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The agreement with affiliate partner ForumPay would allow buyers to convert digital assets at a fixed rate and transfer them directly into escrow.

The platform, built off a recent acquisition, looks to create efficiency in the growing wholesale lending market.

The companies talk through their products aimed at making the processes safer and more inclusive for consumers.

The pandemic, a refinancing boom and intensified appraiser shortage boosted appraisal alternatives in line with the rise in remote work. Now an overheating purchase market and policymaker scrutiny are shifting priorities.

The technology could help firms that have had less access to automation and generally have conducted trades used to hedge loan pipelines by phone.

The loan origination system provider, which launched an IPO on July 28, reported that its second quarter revenue and income grew 38% year-over-year.