Tagged: mortgages

Mortgage Marketplace Morty Raises $25 Million

Morty, a marketplace for mortgages that enables people to compare different mortgage offerings, has raised $25 million in a Series B funding round led by March Capital. Additional investors include Rethink Impact, Thrive Capital, Lerer Hippeau, Prudence Holdings, FJ Labs and Metaprop. Nora Apsel, co-founder… Read More

Australia’s Neobank Volt to Acquire Neo-lending Platform Australian Mortgage

Australia’s first neobank Volt has reportedly acquired neo-lending platform Australian Mortgage, enabling it to provide “fully-verified” approval times of less than 15 minutes on its new digital mortgage product. As mentioned in a release shared with CI: “This is a material improvement compared to many… Read More

UK’s App-based Banking Platform Atom Bank Reports £3B+ in Residential Mortgage Completions, £1B+ Deposits into Saver Accts

UK-based Atom Bank, which claims to be the very first app-based bank, reports that it has surpassed £3 billion in residential mortgage completions. The Fintech has also reached £1 billion in total deposits into its Instant Saver accounts. Since launching operations in November 2016, Atom… Read More

UK’s Hometrack, Provider of Insights to Mortgage Sector, to Leverage Moneyhub’s Open Finance Solutions

After an extensive and thorough selection process, Hometrack, an established provider of insight and intelligence to the United Kingdom’s mortgage sector, has decided to work with Moneyhub, an Open Finance data, intelligence, and payments service for customer-focused firms. Moneyhub will be serving as Hometrack’s preferred… Read More

Fintech Blend Explains how its Digital Lending Platform Supports Data Connectivity so Borrowers can Connect to Asset, Payroll, Tax Accounts

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, notes that in the increasingly competitive lending sector, it’s now more important than ever to work with technology that provides your clients… Read More

TransUnion Report Confirms that Credit Activity Keeps Rising from COVID-19 Pandemic Lows, Origination Activity Recovering

TransUnion (NYSE: TRU) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. As noted in an update published on February 18, 2021, by TransUnion, the company’s Q4 2020 Industry Insights report looks… Read More

loanDepot Reports Q4 Record Revenue of $4.3 Billion, Net Income of $2 Billion

Following its initial public offering, online mortgage lender loanDepot (NYSE:LDI) is out with Q4 earnings. According to a company statement, loanDepot generated record revenue, as well as earnings as top-line numbers, came in at $4.3 billion generating $2 billion of net income. Shares in loanDepot… Read More

loanDepot Prices IPO Significantly Lower, Shares Float on NYSE

loanDepot lowered the price of its initial public offering (IPO) to $14 a share – far below its expected $21 a share float. loanDepot shares, trading under the ticker symbol LDI, listed on the New York Stock Exchange (NYSE) today trading higher in early action…. Read More

loanDepot Expected to IPO This Week Raising Over $300 Million

Yesterday, loandDepot filed an updated S-1 with the Securities and Exchange Commission as it bumped up its share price to $21 for a forthcoming initial public offering (IPO) that may raise a gross amount of over $362 million. According to the document, loanDepot is offering… Read More

Blockchain Firm Figure Receives $100 Million from JPM for Jumbo Mortgages

Figure Technologies, Inc., founded by prominent Fintech entrepreneur Mike Cagney, has received $100 million from JPMorgan (NYSE:JPM) to finance jumbo mortgages, according to a release. Figure uses blockchain technology to reduce friction and cost to the loan origination process. Figure notes that this is the… Read More

Netherlands based Digital Bank Bunq Saw its Mortgages Portfolio Expand by 400% in 6 Months

Dutch banking challenger Bunq has reportedly managed to grow its mortgage portfolio by 400% within six months. Bunq began offering mortgages to Dutch clients in July 2020. The digital bank has teamed up with third-party broker, asset manager NN IP, in order to provide these… Read More

UK Peer to Peer Lender JustUs to Begin Providing P2P Owner-Occupied Residential Mortgages in 2021

Lee Birkett, Founder at UK-based JustUs, a peer to peer (P2P) lender, has stated that the platform will begin providing P2P owner-occupied residential mortgages (starting in 2021). These mortgages will be available either with or without an exemption from the UK government. Birkett noted that… Read More

NatWest Launches New Product “Green Mortgages”

UK banking group NatWest announced on Tuesday the launch of its new product Green Mortgages. According to NatWest, the product offers a “preferential interest rate” to new or existing customers who are purchasing energy-efficient properties. The banking group explained: “The Green Mortgage offers a discounted… Read More

Digital Property Finance Platform Landbay Announces Partnership with UK Bank

Landbay. a digital buy-to-let finance platform, has announced a partnership with an unnamed UK bank. According to a note from Landbay, the deposit-taking bank will fund mortgages originated by Landbay and then hold them on their balance sheet. Landbay states that this arrangement complements its… Read More

Australian Digital Bank 86 400 Partners with Australian Finance Group on Home Loans

Australian Digital bank 86 400 has signed a strategic partnership with Australian Finance Group Ltd  (AFG), to expand its home loan broker distribution network, according to a company release. 86 400 states that with AFG on board, one in three mortgage brokers in Australia now… Read More

AI-Powered Digital Technologies Provider Tavant Reports: FinConnect Platform Surpasses 10 Million Digital Mortgage Transactions

Tavant, a U.S.-based AI-powered digital technologies provider, announced on Tuesday its FinConnect platform, which is described as an intelligent lending data and enterprise mortgage services integration hub, has processed more than 10 million digital mortgage transactions in the past 12 months. The platform has also processed… Read More

Mortgage Fintech Better.com Said to by Hiring 100s as Demand Booms

Better.com is one company that appears to be benefiting from the COVID-19 pandemic. Better.com is an online lender in the mortgage sector. Crowdfund Insider reported last year that Better.com was funding $375 million in mortgages a month. A different report said that amount stood at… Read More

Saving People from Mortgage Hell, Habito Tops £4 Billion in Home Mortgages

Habito, an online platform that streamlines the entire home mortgage process, has topped £4 billion in mortgage submissions, according to a Tweet from the company. Habito is a Proptech firm that was launched in 2016 “to end mortgage hell forever.” You have to love that…. Read More

Fintech Figure Says Business Booms Following Rate Cut, 300% Surge in Loans

Figure Technologies, Inc., a blockchain-based lending platform, says the recent Fed rate cut has been good for business. In fact, Figure is reporting a whopping 300% increase in loan applications hurdling loans funded to over $1 billion. 30 year fixed interest rates on mortgages were… Read More

Digital Deeds: UK Government Shares Progress on Digital Mortgage Registers

The UK government has provided an update on its project to digitize home deeds. According to the government, the 7000th deed has been registered digitally in February. Many of the UK’s largest mortgage lenders are now using the service. HM Land Registry safeguards land and… Read More

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