Tagged: mortgages

Leading UK Online Property Finance Platform LendInvest Raises $39.5 Million

LendInvest, a leading online property finance platform, has closed on a $39.5 million Series C funding round that is comprised of both debt and equity. The funding has been in process throughout the summer and is viewed as positioning the UK based company for an… Read More

Mortage Fintech Approved Acquired by Credit Karma

Credit Karma, a Fintech in the lending space, has acquired Approved – a platform designed to modernize mortgage lending. Details of the acquisition were not revealed. The announcement was revealed in a blog post by Approved sharing that it would “build a consumer-facing digital mortgage experience… Read More

LendInvest Update: BTL Index Reveals Transaction Volumes Dip as Remortgage Deals Spike

Marketplace platform for mortgages, LendInvest, announced on Tuesday the release of its latest LendingInvest Buy-to-Let Index report, which ranks 105 postcode areas around England and Wales based on the combination of four critical metrics, capital value growth, transaction volumes, rental yields, and rental price growth…. Read More

LendInvest’s Buy to Let Product Propels Boom in Hiring as Demand Surges

  Online mortgage lender LendInvest reports it is scrambling to hire new employees due to the demand of its Buy-to-Let (BTL) product. The LendInvest team has now grown to 15 people in the short period since the  BTL product was launched in November 2017. Antonia… Read More

Australian Government Backs Fintech HashChing with $700,000 Loan from Jobs NSW

HashChing, a Sydney-based home loan marketplace, has just announced a $700,000 loan from Jobs NSW. Deputy Premier and Minister for Small Business John Barilaro said the NSW Government had backed the Fintech which is expected to create 46 jobs over the next five years. “Jobs for… Read More

More Fintech Please: FCA Says Mortgage Industry in Need of Innovation

The Financial Conduct Authority (FCA) has published an interim report on UK mortgage market. According to the FCA, Mortgage debt accounts for over 80% of total UK household liabilities – so this is a significant sector of finance that has a profound impact on individuals. While… Read More

New York Federal Reserve: Fintech Has Improved the Mortgage Lending Market

The New York Federal Reserve has published a staff report pertaining to “The Role of Technology in Mortgage Lending”. Authored by Andreas Fuster, Matthew Plosser, Philipp Schnabl, and James Vickery, the research asserts that Fintech is improving the mortgage lending market by making it more efficient… Read More

Big News: Citi Provides Warehouse Facility to LendInvest in Buy to Let Expansion

LendInvest, a Fintech marketplace platform for property finance, has agreed a long-term warehouse facility with Citi boosting its entry into the UK’s £40 billion buy-to-let (BTL) market. Under the terms of the financing, Citi will provide a funding line to LendInvest that will be used… Read More

CMG Financial Launches New Crowdfunding Platform For Mortgage Payments “HomeFundMe”

On Monday, privately held mortgage-banking firm CMG Financial announced the launch of its new crowdfunding platform mortgage payments, HomeFundMe. The company claims HomeFundMe is the first industry approved crowdfunding service providing homebuyers the support, education, and platform they need to crowdfund a mortgage down payment. CMG Financial… Read More

Online Mortgage Lender Blend Lands $100 Million Investment Led by Greylock

Blend has landed a significant funding round to the tune of $100 million. The funding was led by Greylock Partners with participation by Emergence Capital. Existing investors joined in the round as well. Blend partners with lenders to provide a fast and simple borrowing process… Read More

Online Lender Better Mortgage Now Available in 13 States as it Expands into Florida

Better Mortgage is now available in 13 different states as it has received a license to lend to house hunters in Florida.  The Sunshine state is an important addition to the online lenders services as Florida is a popular vacation home state. Better Mortgage says it… Read More

loanDepot: “The Momentum is Just Starting”

While the revelation that online mortgage lender Sindeo was turning off the lights and shutting down was disappointing news in the Fintech space. But other online mortgage lenders continue to execute and grow. One of the most promising is loanDepot, the creation of CEO Anthony… Read More

Online Mortgage Lender Sindeo Shuts Down

Launched in 2013, Sindeo opened up offices in San Francisco “to revolutionize the way people plan, shop and secure a mortgage.” Founded by CEO Nick Stamos and Ori Zohar, Sindeo quickly raised funding to fuel sector growth for their online lending platform including a $5… Read More

LendingHome Hires New CFO. Also Receives Fannie Mae Approval to Expand Home Loans

LendingHome says it is ready to ratchet up platform growth. The marketplace lending platform that finances residential mortgages has made two announcements today. First, the online lender has announced that former Nationstar Mortgage CFO, Robert Stiles, has been appointed to become LendingHome’s CFO. Simultaneously, LendingHome… Read More

China: WeiyangX Fintech Review

WeChat Enters the U.S. Market WeChat Pay, one of the biggest mobile payment platforms in mainland China, has boosted its cross-border business by entering the U.S. market. With the backing of China’s largest social networking app WeChat, which now claims more than 889 million monthly… Read More

Challenger Bank Revolut Partners with Trussle to Provide “Hassle Free” Mortgages

Revolut and Tussle have partnered to provide mortgage broking services directly to the Revolut App. The digital only bank will now enable Revolut’s 360,000 plus UK based users to access Trussle’s online mortgage service. Trussle uses technology and human mortgage advisers to help borrowers secure… Read More

Need Help Buying a Home? Fintech Firm Unison Offers Unique Assistance to Purchase the Home of Your Dreams

Are you looking at purchasing a home? Do you not quite have enough cash on hand to purchase the home you really want? If this is the case, there may be a solution to your challenge as Unison may be willing to provide a portion… Read More

Ron Suber Invests in Unison, Becomes Strategic Advisor to Home Ownership Investment Platform

Prosper Marketplace President and prominent Fintech investor Ron Suber has taken an equity position in Unison Home Ownership Investors. Unison is a unique platform that partners with homebuyers to pay a portion of the down-payment to help buyers purchase a home. Suber will be joining… Read More

Kleiner Perkins & Others Invest $15 Million in Online Lender Better Mortgage

Better Mortgage has received $15 million in funding during a Series B round. Kleiner Perkins, the VC firm that helped to fund companies like Google and Amazon, participated in the funding round alongside Goldman Sachs Principal Strategic Investments Group and Pine Brook. Better previously raised… Read More

loanDepot at $100 Billion in Loans: A Top 5 Mortgage Lender

loanDepot challenges the status quo of traditional banking every day. loanDepot has just achieved an impressive milestone.  In the past 7 years since platform launch, loanDepot has now funded $100 billion in home, personal and home equity loans making it a top-five retail mortgage lender… Read More

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