Items Tagged with 'online lending'

ARTICLES

  • Better Mortgage becomes billion-dollar originator

    Saw 400% year-over-year increase in users
    Online lender Better Mortgage, which launched in January 2016, recently surpassed $1 billion in mortgage originations. According to data provided by the company, Better Mortgage claims it was the third fastest online lender to reach $1 billion in originations, trailing only Goldman Sachs’ Marcus and SoFi.
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  • Guaranteed Rate hires Quicken Loans exec Craig Lombardi to grow online division

    Replaces Scott Stephen, who was promoted to chief growth officer
    Guaranteed Rate, one of the nation’s largest retail mortgage lenders, is looking to grow its online lending platform, and is bringing in Quicken Loans’ director of mortgage banking to lead the push. Craig Lombardi replaces Scott Stephen, who Guaranteed Rate promoted to chief growth officer.
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  • SoFi pushing further into mortgages by acquiring tech teams from startup Clara Lending

    Bloomberg reports that SoFi wants to hire 100 engineers
    It’s been a little more than three years since SoFi expanded into mortgage lending, and while the company has since grown into one of the largest online residential mortgage retailers, it seems that’s not enough for SoFi. SoFi appears to be planning a larger push into mortgages, going so far as to buy some of the technology expertise of another mortgage lending startup.
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  • loanDepot unveils ambitions to expand beyond lending into entire real estate transaction

    Wants to connect approved homebuyers with real estate agents
    loanDepot is already one of the nation’s largest mortgage lenders, but now, the company wants to become a much larger part of the home buying process. On Tuesday, loanDepot unveiled an ambitious new plan that will see the lender expand beyond simply lending a borrower the money to buy a home into facilitating the entire real estate transaction.
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  • SoFi officially taps Twitter exec Anthony Noto to be new CEO

    Replaces Mike Cagney, who stepped down last year amid controversy
    SoFi has found its new leader. The online lender announced Tuesday morning that it selected Twitter Chief Operating Officer Anthony Noto to be the company’s new CEO. Noto replaces Mike Cagney, who abruptly resigned as CEO back in September with the company embroiled in controversy.
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  • SoFi reportedly wants Twitter COO Anthony Noto as its new CEO

    WSJ reports that online lender offered job to former Goldman Sachs banker
    It appears that SoFi thinks that Twitter Chief Operating Officer Anthony Noto is the right person to lead the online lender out of its recent rough patch. SoFi has been on the hunt for a new CEO following Mike Cagney's abrupt resignation back in September amid controversy.
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  • Matic Insurance Services partners with Roostify to streamline homeowners insurance

    Matic software to integrate with Roostify’s digital lending platforms
    Roostify, an automated lending technology provider and HousingWire 2017 Tech 100 winner, announced a partnership with Matic Insurance Services, a digital homeowners insurance agency for mortgage borrowers. The integrations brings one of the final steps in the home-buying process online.
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  • SoFi CEO Mike Cagney stepping down as company fights sexual harassment claims

    Cagney is also company’s co-founder, plans to step down by end of 2017
    For at least the second time this year, the CEO of a white-hot Silicon Valley startup is stepping down amid controversy. Earlier this year, Uber CEO Travis Kalanick stepped down as the company fought back against months of bad publicity and complaints about the company’s culture. And late Monday, San Francisco-based Social Finance, better known as SoFi, announced that its CEO and co-founder, Mike Cagney, plans to step down by the end of the year.
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  • Online mortgage lender Lenda raises $5.25 million to fund expansion

    Plans to expand beyond California, Oregon, and Washington
    Lenda, an online mortgage lender based in San Francisco, announced Monday that it closed its Series A round of funding, raising $5.25 million from a group of investors. In a release, the company said that it plans to use the money to fill “key” management positions, invest in improving its software platform, and expand beyond its current states of California, Oregon, and Washington.
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  • Better Mortgage continues push into purchase mortgages

    Launches “verified” pre-approval letter for borrowers
    Earlier this year, online mortgage lender Better Mortgage said that it raised $15 million and planned to use the money to launch and expand Better's home purchase finance product on the company’s website. Now, the company is continuing its push into purchase mortgages by rolling out a “verified” pre-approval letter for borrowers.
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