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The expansion of borrower data collected in the new URLA upends an industry standard and lenders are experiencing some growing pains.
March 3 -
Major secondary market players have been testing Fincity’s technology, which is in the final approvals stage with Fannie Mae and Freddie Mac.
March 1
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The automation is more prevalent but the net adoption rate is low, the Stratmor Group found.
February 25
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The company received an undisclosed amount of Series A funding from two investors to expand technology currently focused on helping lenders with timelines that are, on average, spinning out of control.
February 22
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The organization postponed the issuance of its next set of revisions, which would have gone into effect at the start of 2022.
February 22
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The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.
February 18
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The visionary co-founded electronic signature company SignOnline in 1999, a year before legislation legalized e-signatures at the federal level.
February 10
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The mortgage industry’s technology emphasizes speed, but a surge in volume has elongated the closing process for many, which is problematic ahead of a potential seasonal uptick in more time-sensitive purchase loans.
February 9
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Also, private money is expected to return to the mortgage securitization market, according to lenders who responded to an Altisource survey.
February 5
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The deal definitively ends a monthslong war of words between the data provider and stakeholders who attempted a hostile takeover.
February 4
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Now approved by Fannie Mae, the digital servicer aims to shake up the status quo by reducing costs caused by a “monopoly in the market.”
February 2
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The transaction consisting of $24 million in securitized Ginnie pools followed a 265% jump in broader industry eNote registrations last year.
January 29
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Black Knight’s product is designed to assist mortgage lenders in performing due diligence while also preventing heightened risk of foreclosure losses.
January 26
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The amount nearly doubles the capital the mortgage fintech has raised since 2012.
January 26
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The acquisition brings the credit report provider into the commercial and residential appraisal technology space.
January 14
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The software will aim to take advantage of the anticipated volume growth in this particular type of origination.
January 14
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After doubling its valuation in five months, Blend plans to use its latest funding to strengthen its digital lending experiences for banking and mortgages.
January 13
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The company aims to make financed home purchases more competitive with cash offers by creating a faster mortgage process.
January 12
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The deal will add to SitusAMC’s tech suite, making the connection between loan originators and lenders more efficient.
January 11
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When the Uniform Residential Loan Application transition deadline hits on March 1, a data set within Fannie Mae’s Desktop Underwriter Program, which many lenders have used for a host of functions, will no longer be supported and unprepared lenders could later experience disruption.
January 6
