Mortgage technology

The compliance software provider plans to use this funding to add staff and drive customer acquisition.

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

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.

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.