Technology

ComplianceEase anticipates growth in home equity lending

Announces platform updates to ease compliance concerns for HELOC lenders
ComplianceEase is one of many companies betting on growth in the home equity market. The fintech company's ComplianceAnalyzer now has the ability to audit HELOCs for state licensing requirements and more. ComplianceEase President John Vong said the company is responding to growing interest from banks and nonbanks in home equity lending.
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Worried you can’t get a mortgage in time? Ribbon will buy the home you want for you

Real estate startup raises $225 million to fund national expansion
There’s a new real estate startup that is buying homes directly from homeowners, but unlike direct buyers like Opendoor, Offerpad, and Perch, and real estate giants like Zillow and Redfin, which focus on buying homes from sellers, Ribbon is buying homes for buyers. And now, the company has some serious financial backing to power its planned growth.
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Qualia debuts eSign technology

Aims to streamline digital mortgage with proprietary software
Qualia just rolled out eSigning capabilities in its bid for a berth among the companies holding the keys to the fully digital mortgage. Qualia claims that its new eSign technology is the first built specifically for title, escrow and closing software. According to Qualia, this will allow real estate professionals to use only the Qualia platform instead of needing to use piecemeal software to cobble together a digital mortgage process.
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Finance of America Reverse releases HECM Illustrator

Sales tool graphically demonstrates reverse mortgage benefits
It’s one thing to tell someone how payments made on a reverse mortgage loan can grow their line of credit – but it’s another thing to show them. That’s the approach Finance of America Reverse is taking with its new sales tool, the Illustrator. "It's simple, it's easy to use, and it sends a very powerful message," said creator Steve Resch.
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Accenture develops two blockchain integration solutions

Enables integration between two or more blockchain-based systems
Accenture announced it developed and tested two blockchain solutions that enables integration between two or more blockchain-enabled ecosystems. The development in the growing area of blockchain technology solves what Accenture calls “a critical challenge” for the broad adoption of blockchain.
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JPMorgan Chase to build Silicon Valley-based fintech campus

Big bank is betting on tech growth
JPMorgan Chase announced it is building a Silicon Valley-based fintech campus to house 1,000 of its employees as the bank looks to keep ahead of the changing landscape of digital payments. According to reporting from Reuters, the campus will open in 2020 and will be located in Palo Alto, California, at Stanford Research Park, on a plot of land that formerly housed Lockheed Martin.
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CBCInnovis announces partnership with Floify

Will enable lenders to better determine likelihood of default
CBCInnovis recently announced it will utilize Floify’s point-of-sale technology to facilitate the processing of its credit reports. FloifyCEO Dave Sims said the credit reporting integration has created a comprehensive and seamless loan process.
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Class Appraisal names Gary Ferguson as its new CTO

Ferguson will lead Class Appraisal's new tech development efforts
Class Appraisal named Gary Ferguson as its chief technology officer to spearhead its pursuit of tech solutions. Ferguson has 20 years of experience in enterprise application development and has spent most of his career in the mortgage industry. Prior to joining Class Appraisal, Ferguson was CTO at Centric Technology Solutions.
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Goldman Sachs honors Better Mortgage CEO Vishal Garg

Garg recognized as one of the most intriguing entrepreneurs in 2018
Goldman Sachs recently recognized Better Mortgage Founder and CEO Vishal Garg on its 100 Most Intriguing Entrepreneurs 2018 list, highlighting his efforts in the housing sector. Garg said Better Mortgage considers the recognition to be a testament to the success of the company's larger mission.
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