Technology

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

New York Community Bancorp says it will invest in Figure Technologies, which has developed an open source distributed ledger. The bank plans to use the technology to cut costs in mortgages and payments and promote financial inclusion.

Whether it’s ransomware or a natural disaster, a sudden freeze on operations can be devastating, and the recent incident highlights why mortgage industry businesses must constantly review their data security efforts.

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 regulation of cryptocurrencies gains momentum abroad while a number of hurdles must be cleared before lenders and banks can handle them at scale in the U.S.

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

New customer growth and increased adoption of a digital workflow by mortgage lenders resulted in better than expected results for the Intercontinental Exchange unit.