Nonbank

While precise definitions vary, the term generally describes a smooth customer experience that may not even require a phone call or branch visit.

The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

A unit of M&T Bank in Buffalo, N.Y., has bought certain operations of Philadelphia mortgage firm Carey, Kramer, Pettit, Panichelli & Associates.

Through Motto Mortgage, Remax is looking to give its smaller franchisees the same ability to offer one-stop shopping to homebuyers as larger operators, in a way that will not raise red flags for regulators.

Mortgage brokers and their wholesale partners have seen a slow increase in their market share since the start of the housing recovery. Remax's Motto Mortgage franchise business could accelerate growth faster than the channel's advocates hope for.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

Quicken Loans parent company Rock Holdings has agreed to buy two online marketing service providers, marking the Dan Gilbert-owned conglomerate's entrance into the lead acquisition space.

Independent mortgage banking and brokerage firms added 4,000 employees in November, even as rising interest rates took its toll on loan application volume.

Initiatives aimed at a more inclusive credit box have long relied on costly approaches that are difficult to scale. Now, demographic shifts are intensifying industry demand for a more automated and efficient solution.

The Office of the Comptroller of the Currency’s decision to offer a special-purpose charter for fintech firms may entice more players than expected, including mortgage lenders.