Items Tagged with 'mortgage technology'

ARTICLES

  • Big banks aren't turning profits like their independent counterparts

    STRATMOR lists 6 reasons why large banks are losing money on loans
    Big banks are not as profitable as their independent competitors when it comes to the retail residential mortgage business, according to the latest from STRATMOR Group. According to the research group, the meetings highlighted that large banks were suffering from low revenues and high expenses, and that the "trend lines that are moving in the wrong direction." Here's why.
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  • Blend announces $130 million capital raise

    Inches its way closer to unicorn status
    Mortgage tech startup Blend raised $130 million in a Series E funding round, the company announced Monday. Led by Temasek and General Atlantic, the latest capital raise brings Blend’s total funding to $310 million.
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  • Plaid Co-Founder William Hockey stepping down

    Will shift to board position
    One of the biggest names in fintech is about to take a step back from the company he helped build, as Plaid Co-Founder William Hockey revealed Tuesday that he is planning to step down from the day-to-day operations of the company.
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  • Covius buying sizable chunk of Chronos Solutions' business

    Set to acquire credit, verification, REO, and auction businesses
    Covius Holdings, the technology solutions provider formerly known as LenderLive, is about to grow its business significantly by acquiring a sizable piece of Chronos Solutions. According to Covius, the company has agreed to acquire Chronos’ credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction, and HOA tracking units.
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  • Figure Technologies lands $1 billion blockchain investment to revolutionize HELOC lending

    Partnership with Jefferies and WSFS Institutional Services creates massive financing facility
    Blockchain lending startup Figure Technologies launched with a promise to disrupt home equity lending using cutting-edge technology, and it appears to be well on its way to achieving this mission. The company announced Thursday that it closed on an asset-based financing facility on blockchain of up to $1 billion alongside Jefferies and WSFS Institutional Services. CEO Mike Cagney said the facility "paves the way for the first securitization on chain, which will demonstrate the massive cost savings, risk reduction and liquidity benefits blockchain delivers."
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  • Fresh off expanding into mortgages, Reali raises millions to continue growing

    Real estate startup recently acquired online mortgage lender Lenda
    Just a few weeks ago, Reali, a flat-fee real estate startup that operates in California, expanded into mortgage lending when it bought Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states. And it appears the company has no plans of slowing down, as this week, Reali announced that it raised $9 million to continue expanding.
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  • HousingWire News Podcast: Using tech to connect with homebuyers

    Listen to the latest news and views in the mortgage industry
    The HousingWire podcast is a weekly wrap of the top news stories by Editor-in-Chief Jacob Gaffney. Each week, Gaffney interviews financial services experts who can make sense of the latest headlines, sponsored by our partners at Blend. This week, Jerry Anderson of Alliant Credit Union quickly debriefs listeners on what's happening with homebuyers, interest rates and the latest technology trends in the mortgage industry.
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  • Global fintech investment doubled in 2018

    But total number of deals increased only slightly
    In 2018, global fintech investment doubled as large companies doubled down on their efforts, creating several mega deals throughout the year. The total global fintech investment increased from $50.8 billion in 2017 to a full $111.8 billion in 2018.
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  • LoanLogics names new CEO

    Promotes President and COO Bill Neville
    LoanLogics has announced that its president and COO, Bill Neville, will take over the role of CEO from Brian Fitzpatrick. LoanLogics Founder and Chairman Howard Conyack Jr. said Neville’s leadership will help drive the company’s technology development and innovation.
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