There are widespread and impressive advances being made in mortgage technology each day, from advances in the digital mortgage space to emerging lending or listing platforms and blockchain advances that help remove biases in lending — plus everything in between. As a mortgage industry professional, this type of mortgage technology news is important to keep a tab on. After all, advances in mortgage technology can lead to dramatic shifts in the way that you conduct your business, no matter what part of the housing market your industry is in.
You can stay up-to-date on the mortgage technology news you’re looking for with HousingWire’s mortgage tech coverage.
The latest Mortgage Technology news
February 2023 — There have been a number of exciting advancements made in mortgage technology recently to help better streamline the lending process, and many more are on the horizon. With the housing industry in turmoil due to high rates and low inventory, companies are finding new ways to forge ahead and find profits in 2021 — and mortgage technology is one area they’re betting on. Take Ice Mortgage Technologies, for example, which plans to capitalize on cross-selling its tech products to clients, large home lending banks investing in their legacy infrastructure to help drum up business this year. Others are integrating with new platforms or new technologies to get ahead of the competition in what is likely to be a rough year for many companies.
In addition, there have also been a number of notable changes made in the field of mortgage technology in recent months — and there may be more coming soon. Partnerships have been formed between big players to better utilize mortgage technology and gain a stronghold in the market. Mortgage tech startups have been successful in fundraising efforts. And, in mid-February, there were reports that Black Knight was looking to sell Empower, its loan origination software business in a bid to save the $13 billion deal with Intercontinental Exchange Inc (ICE), and had been soliciting the interest of potential buyers. The business is valued at about $400 million.
Mortgage Tech News
LoanCare to implement Black Knight loss mitigation solution HW+Mar 09, 2023
Black Knight on Thursday announced that LoanCare will implement its Loss Mitigation solution to support borrower payment assistance programs.
OptifiNow launches Flex to support multi-channel mortgage teams HW+Mar 07, 2023
Truework platform adds automation feature to Encompass HW+Mar 01, 2023
Polly adds Total Expert to its API integration roster HW+Mar 01, 2023
Opteon expands its direct-to-consumer appraisal offerings HW+Mar 01, 2023
Insellerate launches TPO solution for wholesale lenders HW+Feb 27, 2023
LenderLogix launches POS system for small- to mid-sized lenders HW+Feb 23, 2023
CoreLogic acquires digital mortgage platform Roostify HW+Feb 22, 2023
Opinion: The time is right for origination modernization HW+Feb 21, 2023
Figure partners with NovaWulf on proposed reorg of crypto lender Celsius HW+Feb 17, 2023