Technology

The company appointed regulation and compliance expert Sonny Abbasi to serve as general counsel following a fund-raise of $52.5 million earlier in the quarter.

The residential real estate investment startup, which works with lenders to help investors buy rental properties, will use the money to buy rehab property inventory for its customers.

Announcements from Paramount Residential Mortgage Group and LodeStar Software Solutions are early indications that the company’s aggressive investment in diversified business lines could pay off.

The deal between the two fintechs aims to cut mortgage decisioning times for lenders and expand access to financing for consumers.

Electronic signatures and remote online notarization can now be used for mortgages that previously were signed in person, subject to certain restrictions.

The data aggregator assembled a group of technology companies that has developed a set of security standards for startups. It is open for comment ahead of an anticipated implementation in the second half of next year.

A pilot conducted with a handful of independent financial advisors has transitioned to a full roll-out, with the lender offering a discount of up to $5,000 to potential borrowers through the broker-dealer.

The fintech’s algorithms are programmed like "Tesla’s self-driving cars," according to the company’s CEO.

The company increased and diversified its income streams beyond the mortgage sector but expenses associated with stock-based compensation and a recent acquisition outweighed these gains.

But overall, customers are less satisfied with their origination experience compared with the 2020 survey, according to J.D. Power.