Technology

Desmond will be succeeding Pierre Naudé in leading the bank technology provider.

The move extends the technology company beyond origination functions by pairing it with a former Mortgage Builder platform its parent company also owns.

Excess capacity remains in the mortgage origination cycle, and lenders need to cut costs and end the boom-and-bust hiring, Boston Consulting Group said.

Mr. Cooper is set to launch a pilot program by midyear, integrating previously released components into a unified platform.

Vista Equity Partners put funds into the regulatory technology firm, which Asurity Technologies has partnered with since 2015.

Beeline's product division, dubbed Beeline Labs, will be rolling out an AI-powered quality control product for mortgage lenders.

As part of a partnership agreement the two companies entered into, the Ramquest and E-closing platforms have shifted ownership for an undisclosed price.

Truth.Fi will offer ETFs, cryptocurrencies and crypto-related securities.

University Bancorp was to acquire a 50.5% stake in Blue Water, however the deal announced in July had yet close and Voxtur is starting a strategic review.

Banks and credit unions also extended financial relief to Californians affected by the fires, which have killed 28 people and burned thousands of homes.