Technology

Mid America will retain its focus on technology, third-party originations and secondary market executions for specialty products while helping the acquirer expand the scope of its operations.

In the fourth quarter of 2021, home equity line of credit volume was up 31% from the same period the year before.

Cybercriminals can leverage the workflow of the digital firms against them by tossing a plethora of stolen credentials at an online loan application until they secure approvals, according to one expert.

The offering touts closings in as few as 10 days and allows homebuyers to compete with deep-pocketed investors and iBuyers.

Peter Thiel’s Valar Ventures Management is leading a $185 million funding round for Canada’s Neo Financial Technologies, propelling it to a valuation of more than $1 billion as it plans expansion into mortgages.

But the deal could be derailed by antitrust concerns given the size of both companies in the mortgage technology field.

Alternative financing startup Hometap says it increased its investments in the segment by more than threefold over the past year.

It’s tempting to add yet another screen or an external piece of software, but that’s not always the quickest path to success, writes a director at InRule Technology.

The move by Self Financial could add momentum to recent efforts in this areas by influential mortgage-market participants like Fannie Mae and Freddie Mac.

With large banks establishing strong security infrastructure, cybercriminals are eyeing smaller and mid sized companies as their next victims.