Items Tagged with 'Point'

ARTICLES

  • Homeownership investment company Point raises $122 million

    Plans to work with investors to tackle housing affordability issues
    Homeownership investment company Point just landed a major cash infusion that will fund its plans to help more Americans access their home equity, raising $100 million in platform capital and securing $22 million in a Series B funding round. "We are witnessing the emergence of a whole new class of financial solution that is aligned with homeowners, and investors are taking notice," said Point Co-Founder and CEO Eddie Lim.
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  • Point secures $150 million commitment to buy equity from homeowners

    Atalaya Capital Management agrees to buy $150 million in shared equity investments
    Point, a financial technology platform that offers homeowners the opportunity take equity out of their home without taking on new debt, is set to grow thanks to a $150 million commitment from Atalaya Capital Management, a private investment firm. Under the agreement, Atalaya and Point entered into a forward flow purchase program wherein the investment firm is committing to buy as much as $150 million of Point’s shared equity instruments.
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  • Shared equity provider Point selects Roundpoint Mortgage Servicing to act as servicer

    Point buys fractional interest in property from homeowner seeking equity
    Point, a financial technology platform that offers homeowners the opportunity take equity out of their home without taking on new debt, is partnering with Roundpoint Mortgage Servicing, which will service the assets that Point acquires, the companies announced this week.
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  • Increased transparency with the new GFE comes with increased cost

    When trying to explain a lack of investor understanding, one of the more popular bloggers in the financial space uses the same headline for every entry: “They just don’t get [fill-in name of the stock].” Critics say the same confusion sometimes exists in the mortgage industry – particularly when it comes to good faith estimates (GFEs). A year ago, when the new RESPA rules went into effect, originators and lenders warned that it would be unworkable and would create a logistical and legal nightmare for lenders. But that didn’t happen.
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  • LPS Expands Origination Platform Offering

    Mortgage technology provider Lender Processing Services [stock LPS][/stock] unveiled three delivery mechanisms for its Empower loan origination system, available for use in-house or through LPS' secure data center. LPS offers Empower Express, a turnkey platform that facilitates the loan process, as well as Empower Express Plus, which includes a modifiable rules engine for specific lenders. The final offering, an end-to-end version of the software, allows for complete customization by the lender.
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