Technology

Software provider Cloudvirga launches app service

Tech company to offer white label service connecting LOs and real estate agents
Digital mortgage point-of-sale software provider Cloudvirga announced this week the launch of a new mobile application and service that enables real estate agents to collaborate and connect with mortgage loan officers.
Read More

Former SoFi CEO Mike Cagney founds new lending startup, pivots to blockchain

Figure will specialize in home equity lending
After abruptly resigning from SoFi amid a swirling controversy about the workplace culture at the online lender, Mike Cagney has resurfaced… and he’s pivoting to blockchain. Cagney helped found a new lending startup called Figure, which will apparently be specializing in home equity lending with blockchain technology serving as a key component of the company’s business plan.
Read More

ComplianceEase integrates with Fannie Mae's Desktop Underwriter

Compliance solutions provider now approved for Day 1 Certainty
Automated compliance solutions provider ComplianceEase announced Tuesday it has fully integrated its 4506xpress income verification solution with Fannie Mae’s Desktop Underwriter platform and is now part of the GSE's Day 1 Certainty program. Now, the company meets Fannie Mae’s standards for income verification, eliminating the need for reverification of IRS Form 4506-T.
Read More

Freddie Mac, LoanBeam partner to automate income calculation for self-employed borrowers

LoanBeam software will be further integrated into Loan Product Advisor
Last year, Freddie Mac added some technological muscle to its Loan Advisor Suite, partnering with LoanBeam to improve the income verification capabilities of its underwriting program. Now, Freddie Mac and LoanBeam are making that automated income calculation available for self-employed borrowers.
Read More

Ellie Mae partners with Pacific Union, Finicity to speed up mortgage lending process

Companies integrate with Encompass platform for greater efficiency
Ellie Mae announced it is partnering with Pacific Union Financial and Finicity to improve its digital mortgage solution and increase efficiency. The two companies will integrate with Encompass, Ellie Mae’s digital solution, allowing Ellie Mae to improve its digital mortgage process.
Read More

Private equity firms buying real estate data and software provider EDR for $205 million

Silver Lake and Battery Ventures buying company
Two prominent private equity firms are buying EDR, a provider of real estate data and software-as-a-service, for $205 million, the companies announced earlier this week. The buyers for EDR, which provides property due-diligence and risk management technology and information, are Silver Lake and Battery Ventures.
Read More

Placester names Omar Hussain president and CEO

Co-founder and CEO Matt Barba to become chief technology officer
Placester, a Boston-based real estate marketing platform, has a new CEO. Up until this point, the company has been led by its co-founder, Matt Barba, who previously served as CEO. But now, the company is naming a new president and CEO to help the company grow in its next phase.
Read More