Technology

SunTrust becomes latest bank to roll out digital mortgage platform

Joins Wells Fargo, Bank of America, Chase, others
Another lender is about to join the digital mortgage revolution, as SunTrust announced Monday that it is rolling out a digital mortgage application platform. SunTrust claims that its platform, which is called the “SmartGUIDE Mortgage Application,” allows consumers to complete a mortgage application entirely online in “half the time” of a typical mortgage application.
Read More

Veros, IDS announce integrated solution for GSE UCD data submissions

Two companies partner for a fully integrated, automated delivery solution
Enterprise risk management, collateral valuation, and predictive analytics services company Veros Real Estate Solutions and mortgage document preparation vendor International Document Services announced Monday that they have partnered to provide lenders with a fully integrated automated delivery solution for submitting the Uniform Closing Dataset, or UCD, to Freddie Mac and Fannie Mae.
Read More

Monday Morning Cup of Coffee: Goldman Sachs buys startup Clarity Money to bolster Marcus

Plus, more on the AIME/Blend partnership for brokers
It's the start of a new week, but the news couldn't wait for Goldman Sachs, which announced on Sunday it purchased personal finance startup Clarity Money (and its 1 million users) to boost its consumer-lending business Marcus. Plus, more on the Blend and AIME partnership for brokers and a new mortgage servicing rule goes into effect this week.
Read More

CoreLogic launches income calculation solution FactCheck

Designed to automate, streamline and standardize the income calculation and analysis process
Global property information, analytics and data-enabled solutions provider CoreLogic announced it has launched FactCheck, a new income calculation and analysis solution. According to the company, FactCheck is the mortgage industry’s most complete income calculation and analysis solution and is designed to automate, streamline and standardize the entire income calculation and analysis process.
Read More

Cloudvirga partners with Freddie Mac to provide one-click dual AUS submissions

Industry's first single-click, dual-AUS submission of loan data
Digital mortgage point-of-sale software provider Cloudvirga announced Thursday it has launched single-click submission of loan data to both GSEs’ automated underwriting systems in a new collaboration with Freddie Mac. “We’re empowering loan officers and back-office teams with data and augmented intelligence and making it effortless to deliver the best possible borrower experience while maximizing loan performance in the secondary market,” Cloudvirga Co-founder Kyle Kamrooz said.
Read More

Gamechanger: Zillow to begin buying and selling houses

Follows lead of Redfin and other direct homebuyers
Nearly one year ago, Zillow shook up the real estate industry when it announced that it was getting into the home selling business by launching “Zillow Instant Offers.” As it turns out, that was just the beginning. Zillow announced Thursday that it will begin buying homes and selling homes directly to and from homeowners.
Read More

Regions Bank invests in Kevin Costner-backed mortgage startup Lender Price

Will also begin using Lender Price to improve bank’s digital lending process
When a fintech startup announces a new investor, the investor is usually an equity firm or some other private investor. Lender Price, a mortgage and consumer digital lending technology platform provider, is going about things a little differently. The company’s lead investor is none other than Kevin Costner (yes, that one), and now, the company has a new investor, a prominent depository institution.
Read More

Blend will offer digital mortgage platform directly to brokers

AIME announces free access for its members
On Wednesday, during a panel discussion at the Association of Independent Mortgage Experts' Mortgage Expert Workshop in Irvine, Calif., Blend CEO Nima Ghamsari announced the consumer lending technology platform has entered into a partnership with AIME to make the company’s digital mortgage solution available to the mortgage broker community.
Read More

Bank of America launches digital mortgage platform

Becomes latest big bank to go digital
Everybody’s doing it, and now Bank of America is doing it too. Bank of America revealed Wednesday that it is launching a digital mortgage platform, which allows customers to complete the mortgage application process either via their mobile device or on Bank of America’s website.
Read More
Sponsored By
Arch MI

RateStar expands lenders' origination opportunities in a competitive market

Will Vickers of Arch MI explains the benefits of the dynamic pricing engine
With home prices across the country increasing and interest rates also on the rise, lenders are looking for ways to help borrowers afford homeownership. Arch MI RateStar is a dynamic MI pricing solution that expands lenders’ origination opportunities in a competitive market.
Read More