Milo brings in $6m to provide US credit to international citizens
Lending start-up plans extra growth after round led by QED Investors.
Mortgage
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
Blockchain-based lender Figure seeks US bank charter
Figure wants to simplify its regulatory and compliance procedures.
Mortgage platform Better.com lands $200m in Series D funding
Better claims to have funded $25bn in home loans since 2016.
ICE agrees $11bn Ellie Mae acquisition
Exchange operator aims to boost its nascent mortgage business.
FCA sets out guidance for mortgage providers & lenders on COVID-19-related loan scheme
This supports the announcements made by the Chancellor last week.
Edison Financial reboots itself to launch Canadian digital mortgage start-up
Founder Hash Aboulhosn restarts company to found new venture.
Til a mortgage do us part
Is three months of bank statements really enough to determine whether someone can afford a mortgage?
Lendtech firm Snapdocs raises $25m in Series B funding
Snapdocs claims to power 10% of US mortgage transactions.
Banking Technology November 2019 issue out now
The identity challenge.
United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Finicity and LendingQB partner to accelerate mortgage process
The solution helps lenders spot underwriting factors that can make the process faster.
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Why Iron Man is the ultimate mortgage broker
“Iron Man” – super-powered, not totally automated.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Finicity Partners accelerates Pulte Mortgage’s asset verification
Reducing the time-consuming, manual, and paper-intensive process “from weeks to minutes”.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
Roostify crows about new Adapt mortgage tool
Adapt helps lenders who have complex workflows.
AI Foundry revamps Agile Mortgages solution
Data insights company AI Foundry has been doing a bit of spring cleaning.
Finicity and Mortgage Cadence team for mortgage tech
Finicity’s Verification of Assets (VoA) solution integrated with Mortgage Cadence’s loan origination platform.
Mortgage tech firms Blend and Ellie Mae team up
Blend will leverage Ellie Mae’s electronic disclosure delivery.
Tavant and Freddie Mac team to simplify loan data submission
Digital mortgage tech vendor Tavant teams up with Freddie Mac.
RBS walloped with $4.9bn fine for lending legacy issues
US Department of Justice lays down the law.
BOK Financial turns to Roostify for mortgage lendtech revamp
Oklahoma-based BOK Financial joins forces with digital lending platform Roostify.
Unison sees 1,000% year-on-year growth in originations
Also launched in ten additional states across the US.
Data analytics firm Ephesoft moves into mortgage tech
Document capture and data analytics firm Ephesoft unveils Ephesoft Transact for Mortgage.
Regions Bank invests in lendtech firm Lender Price
The California-based mortgage tech firm gets equity funding from Regions Bank.
BeSmartee integrates with FormFree’s AccountChek asset verification service
Will give lenders clearer picture of borrower’s likelihood to pay back loan.
Mortgage platform Lender Price teams with Ellie Mae
The pricing engine is right.
Symbiont brings the blockchain to mortgagetech
Teams with technology investment firm Ranieri Solutions for exploration plans.
Finicity in full integration with BeSmartee
Making the digital loan origination process easier for lenders and borrowers alike.
Lendtech Roostify lands $25m to disrupt mortgage industry
Roostify’s Series B funding round comes from new and existing investors.
SoFi reportedly cutting 65 jobs from mortgage division
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Roostify launches decision builder
Decision Builder, the latest solution from mortgage tech innovator Roostify, will give lenders the ability to provide loan applications with a clear, easy-to-understand view of all the borrower’s loan options – based on the lender’s actual product and pricing system.
Castle Trust in mortgage tech modernisation project with Phoebus Software
Castle Trust has appointed Phoebus Software for all of its mortgage servicing, allowing to “significantly” reduce the time and cost it takes to service its mortgage book.
Finicity teams with DataVerify
Data aggregation and insights company Finicity has integrated with risk mitigation firm DataVerify to offer mortgage lenders real-time borrower asset verification.
R3, RBS and UK regulator build regtech prototype for mortgages
Enterprise software firm R3, the UK’s Financial Conduct Authority (FCA), RBS and another unnamed bank have built a prototype application for regulatory reporting of mortgage transactions on R3’s Corda distributed ledger technology (DLT) platform. The application is also able to generate automated delivery receipts for the regulator when a mortgage is booked. The application was […]
CFPB Snapshot: California Leads Nation in Complaints to Agency
The CFPB receives more than 20,000 complaints every month, according to Director Richard Cordray, and the bureau’s latest installment of its Monthly Complaint Report highlights consumer complaints at the state level. As of June 1, the CFPB has received more than 1.2 million complaints across the country since it began accepting them in 2011. The top three states with the most complaints are California, Florida and Texas with 159,158, 111,559 and 93,472 complaints, respectively.
Capriza powers Yorkshire Building Society mobile move
UK-based Yorkshire Building Society (YBS) has chosen Capriza’s platform to help improve its digital and mobile capabilities. The society will use the platform to let its customers connect and apply for its mortgages and savings accounts through mobile devices. Nick Mortimer, head of marketing and e-commerce, Yorkshire Building Society, says Capriza’s platform offers “very little […]
