The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

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TransUnion announces partnership with FinLocker to give consumers and lenders more access to data

TransUnion investing in FinLocker’s $20 million Series A round

Credit reporting agency TransUnion announced on Monday that it was making an equity investment in FinLocker’s $20 million Series A round, inking a partnership agreement designed to give consumers more control and access to their credit data while letting lenders and servicers leverage FinLocker for lead nurturing and conversion.

With the partnership, TransUnion will provide credit report information to FinLocker and provide updated credit and consumer information through its lead generation and servicing solutions. TransUnion will also package its marketing suite of solutions to identify high-quality leads for originators, the company said.

“Companies in the mortgage industry are driving a digital-first evolution by leveraging new technologies to create innovative products and experiences and this partnership helps us uniquely differentiate ourselves in the market,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion. “Buying a home is typically the largest purchase a consumer will make over their lifetime so it is essential for consumers to have all the information they need at their fingertips to secure a mortgage at the right time.”

The partnership means consumers will be able to collect and permission their financial information ahead of getting a mortgage and make an offer on a home with a loan commitment from their lender, the companies said in a press release. Consumers will have access to educational resources and a personalized financial health dashboard.

Consumers can access FinLocker through their financial institution via desktop or mobile app and manage their financial information though a personal data and document vault or locker.


What subservicing looks like during a pandemic

As the world continues to navigate the impacts of COVID-19, HousingWire sat down with TMS to learn more about their customer service philosophy and why proactively educating borrowers on forbearance is essential.

Presented by: TMS

For lenders, the partnership means they can educate consumers and streamline the application process, as well as gain deeper insights into consumers’ actions and behaviors. This provides lenders with the information they need to make smarter risk decisions and uncover new opportunities to drive growth, the companies said.

In their press release, the companies noted the “massive growth” in the mortgage industry this year due to low interest rates.

“A consumer’s personal information is the key to unlocking new economic opportunities,” said Peter Esparrago, cofounder and CEO of FinLocker. “However, the current processes for securing credit can make it difficult for consumers to leverage their data assets to their full potential. TransUnion is well-positioned within the financial services industry to partner with FinLocker to pursue these avenues of growth and bring a more streamlined approach to the loan application and approval processes for both lenders and consumers.”

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