Technology

The deal comes after a tumultuous 12-month period for CoreLogic, which saw itself twice targeted for acquisition.

Lending startup Tomo Networks will eschew refinances to focus exclusively on purchases.

Six online lenders and the National Community Reinvestment Coalition have asked the Consumer Financial Protection Bureau for clarity on whether disparate-impact rules apply to lending decisions made by machines.

Dozens of digital tools are billed as democratizing finance. But a number of entrepreneurs still see massive gaps.

The move is a vote of confidence for the private market in financing, which has been revitalized by limits government-related investors have put on certain loan purchases.

The financial services company will use its new capital to invest in artificial intelligence and machine learning to cut transaction times, as well as build its own servicing platform.

The company plans on trading on the New York Stock Exchange under the ticker symbol BLND

While usage of this process in mortgage closings picked up steam last year, only 34 states have permanent laws in place and two do not permit it at all.

Consumer-permissioned access to bank or payroll information could be used to evaluate borrowers who still need relief after payment suspensions for pandemic-related hardships end.

While the company did notify the public and regulators in May 2019, executives were not aware at the time that there was previous knowledge of the security vulnerability within the company.