Technology

Manny Alvarez, the head of California’s Department of Financial Protection and Innovation, told staff that he plans to leave on June 18. Chief Deputy Commissioner Chris Shultz will be appointed to lead the agency on an interim basis.

The digital title insurance, closing, escrow, and recording services provider has now raised a total of $110 million in funding.

This is the multi-hyphenate company’s sixth deal since the start of 2020 — a series of acquisitions in a variety of sectors within the industry, ranging from analytics to artificial intelligence.

Rather than completing another equity raise, the five-year-old mortgage technology company went looking for a partner.

Average days to close dropped closer to pre-pandemic levels in April, according to ICE Mortgage Technology.

The cloud-based mortgage closing platform’s Series D round earned $150 million for the company.

The deal adds to the burgeoning technology stack at the Houston-based title underwriter, which added NotaryCam in December.

While COVID-19 pushed digitization to the forefront of lending, a majority of borrowers still want some degree of human interaction, according to a survey by ICE Mortgage Technology.

The move formalizes the use of the Rocket Mortgage moniker, which has been a major part of the company’s branding since 2016.

What are the most exciting trends in financial technology today, and which startups are poised to win?