Mortgage technology

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.

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.

The government bond insurer allowed lenders to become “eIssuers” a little over a year ago, and the move contributed to a large surge in electronic notes this year.

The company is divesting itself of another piece of Xome after previously peddling Title365 to Blend Labs.

The lending technology provider currently has 37,741 decisioning steps or pivot points on its platform.

The new all-in-one brokerage aims to avoid the "one-size-fits-all approach,"Rocket Homes CEO Doug Seabolt said.

The expanded credit access in its automated mortgage decisioning goes into effect in mid September.

The two-pronged agreement also will add Figure's mortgage servicing rights onto Sagent's platform.

The company's expanded portfolio through its acquisition spree drove revenue, representatives said.

The deal comes just days after Figure closed on a capital raise that valued it at $3.2 billion.