Technology

The deal would put housing data provided by the acquiring intelligence provider in front of lenders early in the mortgage borrowing process.

Lenders have yet to publicly address the trendy software that's made headlines for its capabilities to write creative prompts, solve complex problems and generate and repair computer codes.

Approximately 2,350 full-time employees and contractors — some of whom did mortgage-related work — were let go, according to the credit reporting agency.

Last year, the company appeared to be on track to raise $300 million but has since reduced its target by two-thirds. 

Industry headwinds led numbers at the software and data provider downward at the end of the year, but company leaders said the unit is positioned well for a market snapback.

Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.

The company reported its seventh consecutive quarter of record adjusted net revenue.

The case involved incidents occurring in early 2021, when an unauthorized individual obtained access to files containing personal identifiable information of consumers.

The new automation integrates with the company's customer-facing Servicing Digital software, and is aimed at helping consumers find temporary assistance with payment hardships.

Currently, there's no standard mechanism for lenders to easily access this information.