Technology

In light of the shift over the past few years, most companies in the space have refocused on their long-term strategy, which includes optimizing technology infrastructure and providing a superior customer experience, write leaders from SimpleNexus and nCino.

The fintech rolled out a Lending-as-a-Service (LaaS) platform, which gives lenders access to its system. The first mortgage shop to sign up is Guaranteed Rate.

The newly merged ICE Mortgage Technology entered into agreements with two companies this week to facilitate closings and income verification.

Some of the lender and servicer's systems are offline following the attack on Oct. 31.

While the addition of Black Knight is already paying off in terms of cross-sell success, the unit has posted operating losses in five of the last six quarters.

The Toronto-based company is looking at local and international expansion, CEO Shubha Dasgupta said.

Incorporating an artificial intelligence chatbot into its internal search engine tool is part of a "bigger narrative" that will unfold in months to come, the company's chief information officer said.

Close to 100 employees including the co-founders of Follow Up Boss will transition to the acquiring company.

The order follows a similar decree by the Securities and Exchange Commission for publicly traded firms to disclose incidents they deem "material."

The neobank is also benefiting from its product diversity.