Technology

Consumer credit bureau and data aggregator Experian will gain a foothold in the U.K. mortgage market by acquiring a minority stake in mortgage brokerage London & Country Mortgages Limited.

Bank of America is exiting the mortgage lien release business by entering into an agreement to sell this unit to First American Financial Corp.

Maxwell Financial Labs, a provider of a digital cloud-based platform used by the mortgage industry, is getting a new $3 million round of funding led by Anthemis Group's investment arm.

Block One Capital has signed a binding term sheet to acquire 40% of the equity of Finzat, a private entity aiming to develop a blockchain system to create a safer, more compliant digital mortgage process.

Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won't delay the 2019 launch of Fannie Mae and Freddie Mac's new single "uniform mortgage-backed security."

The trade group wants Equifax to reimburse community banks for costs tied to the massive data breach at the credit bureau this year. The ICBA also wants a court to order Equifax to improve its security measures.

With mortgage originations on the decline, lenders that want to regain lost volume or grow market share must work harder to identify and reach underserved borrower segments.

When a $40 million round of venture funding fell through at the last minute, digital mortgage broker Sindeo all but shut down this summer. Now recapitalized and rejuvenated, founder and CEO Nick Stamos explains why Sindeo is ready to grow again.

Built Technologies successfully completed a capital raise, enabling the three-year company to expand its software offerings for both commercial and residential construction lenders.

Closing mortgages more quickly could introduce efficiencies but it also could introduce fraud risks if done without strong identity verification procedures in place, LexisNexis Risk Solutions finds.