Technology

Total Expert raises $20 million to expand business

Marketing and CRM platform already works with 8 of top 15 lenders
Total Expert, a growing fintech company that provides marketing and CRM solutions for lenders and financial services firms, is ready to turbocharge its growth thanks to $20 million in new funding. Total Expert, which was selected as a 2018 HousingWire Tech100 winner as one of the housing industry’s top technology companies, already has eight of the top 15 lenders, including U.S. Bank, loanDepot, Guaranteed Rate, and Movement Mortgage, using its platform.
Read More

OpenClose launches new API Suite

RESTful API suite offers a secure standardized solution
OpenClose recently announced the release of a new RESTful API suite, designed to offer its customers a secure and cost-efficient standardized solution. OpenClose President JP Kelly said as customer business models evolve, new needs and requirements emerge that require flexibility and nimbleness to respond to changing marketplace conditions.
Read More

ComplianceEase names Sanjay Tibrewal vice president of product management

Will be responsible for the roadmap and execution of risk management products
ComplianceEase, a provider of automated compliance solutions, has named Sanjay Tibrewal vice president of product management. ComplianceEase President John Vong said Tibrewal's "entrepreneurial spirit combined with his technological expertise" will enable the company to better service its clients.
Read More

Dow Jones drops more than 800 points in the face of rising rate fears

Worst drop the Dow has seen since February
Rate hikes have spurred a selloff and the Dow Jones Industrial Average received its worst pummeling since February, dropping more than 800 points today. It’s been a tough month for the major indexes with S&P 500 and the Dow down more than 2.7% and 1.6%, respectively. And the Nasdaq has lost more than 5.5%.
Read More

Former SoFi CEO Mike Cagney's blockchain lending startup Figure unveils first loan program

Launches first home equity loan product, grants approval in 5 minutes, funds in 5 days
Figure Technologies is aiming to shake up home equity lending. Co-founded by former SoFi CEO Mike Cagney earlier this year, Figure leverages blockchain, AI and advanced analytics to elevate the lending process for homeowners looking for access to their equity. The company just announced the release of its first product – the Figure Home Equity Loan – which offers borrowers a completely digital experience at an impressive clip.
Read More

Norcom Mortgage starts eClosing and the digital mortgage marches on

Partnership with Pavaso offers customers eClosings, a common strategy in a tough market
The rush toward the digital mortgage is still in full force. Today, Norcom Mortgage just became the first Connecticut-based lender to offer fully digital closings. Norcom will use Pavaso’s digital closing platform to float its new eClosing process dubbed “Swift Sign.”
Read More

WSJ: Google exposed user data and didn't tell anyone about it

Google cited no record of data "misuse" as its justification for silence
Anonymous sources at Google revealed that the digital titan exposed the private data of hundreds of thousands of Google+ users and withheld the information regarding its slip-up for fear of public backlash, according to The Wall Street Journal. A software glitch in the social site gave outside developers potential access to private Google+ profile data between 2015 and March 2018.
Read More

Zillow to launch buying and selling operations in Charlotte and Raleigh

Expands Zillow Offers to six markets
Zillow announced it is expanding its home buying and selling operations into Charlotte and Raleigh. The additions bring Zillow’s burgeoning home buying and selling operations to six markets nationwide. The program launched in Phoenix in April, then moved on to Las Vegas and Atlanta, with Denver set to open later this month.
Read More

DocuTech integrates with Blend's digital platform

Blend will bring ConformX and Solex to its customers
DocuTech, a 2018 HousingWire Tech100 winner, recently announced it has integrated its document and eSignature solutions with the Blend platform to streamline the origination process. Blend CEO and co-founder Nima Ghamsari said partnering with Docutech will provide Blend a means to improve the origination process moving forward.
Read More

Home Point Financial Corporation, Capsilon partner to reduce purchase review time

Capsilon IQ platform integrated with Home Point’s Automated File Intake
Home Point Financial Corporation, a national mortgage originator and servicer, is partnering with Capsilon, a provider of mortgage automation software, to reduce risks and boost productivity in the loan process. Capsilon COO Jim Obsitnik said Home Point Financial is changing how mortgages are delivered.
Read More