Tagged: mortgages

Bluestone Group Sells UK Mortgage Business to Shawbrook Group

Bluestone Group, the European financial services business headquartered in the UK, announced that it has agreed terms for the sale of its UK mortgage lending and portfolio servicing operations, Bluestone Mortgages Limited (BML) to Shawbrook Group plc. Under the terms of the transaction, Bluestone’s holding… Read More

Equifax Supports Financially Inclusive Lending With Expanded U.S. Mortgage Credit Reports

Equifax (NYSE: EFX) is supporting financially inclusive lending with the availability of expanded U.S. mortgage credit reports. The company is reportedly “the first National Credit Reporting Agency (NCRA) to make certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry to provide a… Read More

Real Estate Lender Kiavi Securitizes $209 Million in Residential Loans

Kiavi, an online mortgage lender, has securitized $209 million in real estate loans, according to a company statement. This is the 12th securitiztion that Kiavi has completed and the second securitization this month. In total, Kiavi reports that  the company’s total issuance in notes now… Read More

Better Introduces One Day Mortgage to Enhance Home Buying Experience

Better, which claims to be the first fintech lender to achieve $100 bln in funded loans,  unveiled the launch of One Day Mortgage(™), which is described as “a breakthrough innovation in the real estate industry.” For the “first” time ever, Better customers will be able… Read More

UK’s LendInvest Acquires Funding from Lloyds Bank to Launch into Homeowner Mortgages

LendInvest (LSE: LINV), which claims to be the UK’s leading asset manager for property finance, announces increased funding from Lloyds Bank now totaling £300 million “to support its entry into the UK’s £1.2 trillion homeowner mortgage market.” LendInvest’s home owner mortgage product, “which beta launched… Read More

Twenty7tec Acquires Mortgage Affordability Platform Broker Sense

Fintech company Twenty7tec recently announced the acquisition of mortgage affordability platform Broker Sense for an undisclosed amount. Broker Sense, established by Stuart Phillips and Mark Spilsbury, assists mortgage advisers with assessing customer affordability against lender rules, while also ensuring that they recommend the appropriate lender… Read More

Flyhomes, Creator of Seamless Home Buying, Selling Experiences, Expands Leadership Team

Flyhomes, creator of the world’s “best” home buying and selling experience, has announced the appointment of Andrea Collins as Chief Marketing Officer and Dan Richards as Executive Vice President of Mortgage. Collins and Richards “bring experience working at premier technology companies, including Microsoft, Hippo, SoFi… Read More

UK’s Molo Finance Teams Up with Brilliant Solutions

Molo Finance has partnered with Brilliant Solutions, a distributor of mortgages that sits between mortgage brokers and lenders. This partnership “further underlines Molo’s ambitions to offer fully-digital mortgages on a larger scale and it will provide Brilliant Solutions’ membership of directly authorized (DA) brokers with… Read More

Santander UK Introduces My Home Manager via Mobile App

Santander UK has announced the launch of My Home Manager in the Santander mobile app, a new comprehensive service “for mortgage customers designed to assist with all aspects of their home, including: viewing their home value estimate and mortgage balance; checking their home’s Energy Performance… Read More

Mortgage Lending Firm Perenna to Offer 30-Yr Fixed Rate Mortgages

Casper Arboll from Perenna notes that the firm has secured a banking license “with restrictions by the PRA and the FCA.” They are delighted to share that Perenna has been awarded a banking permit but with certain restrictions by the UK’s Prudential Regulatory Authority and the… Read More

Income Verification Platform Truework Secures $50M in Capital via Series C

Truework, a Fintech company that provides income and employment verification for the nation’s largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, recently announced that it raised $50 million in Series C funding. Leading the Series C investment… Read More

UK’s Molo Finance Teams Up with Colcap Financial

The Molo Finance team are pleased to announce their strategic partnership with ColCap Financial, which claims to be a leading Australian mortgage lender (that is joining forces with Molo in order to expand into the United Kingdom). The partnership “includes a broader strategic alliance between… Read More

Nationwide Invests in Rent-to-Own Fintech to Assist First-Time Buyers

Nationwide has invested in a rent-to-own start-up “helping first-time buyers unable to access typical mortgages get a home by saving a slice of their rent to build the deposit.” The investment in Kettel Homes forms “part of Britain’s biggest building society’s efforts to help its… Read More

Mortgage Fintech Maxwell Introduces Spanish Loan Application

As U.S. demographics change, so does the pool of Americans “pursuing homeownership.” According to Freddie Mac, the Hispanic American homebuyer segment “has increased by 25% in the last decade.” By 2030, this growing sector “will represent an estimated 56% of all new homeowners.” Still, Spanish-speaking… Read More

JPMorgan Cutting Jobs in Mortgage Unit in Another Sign of Slowing Housing Market

JP Morgan (NYSE:JPM), is slashing jobs in its mortgage business as the economy slows and demand for mortgages slows, according to a report by Bloomberg. JP Morgan is an enormous financial services firms with $4 trillion in assets and a significant home lender. The report… Read More

Kiavi Reports $218 Million Securitization of Residential Loans

Kiavi, an online lending platform serving real estate investors, has announced the securitization of $218 million in unrated residential transition loans (RTLs). Nomura Securities International was the sole structuring agent of this securitization with Nomura, Barclays Capital and Performance Trust Capital Partners, joint book-runners and… Read More

Nationwide Enhances API Integration with Twenty7Tec’s APPLY

Mortgage brokers can now get a decision in principle (DIP) a lot faster with Nationwide as the Society improves its API tech in partnership with mortgage tech company Twenty7Tec. The service will see brokers only having “to re-key minimal data into the Nationwide for Intermediaries… Read More

Tech-driven Mortgage Lender Proportunity Readies Securities Offering on Seedrs

  Proportunity, a mortgage enabler for home buyers, is planning to raise growth capital on Seedrs. Proportunity is an interesting financing platform as it provides part of the capital needed to purchase a home. As prices rise along with inflation, Proportunity can provide an alternative… Read More

Jia Finance, an Online Residential Mortgage Platform, Announces $5M Seed Round

Jia Finance, an online residential mortgage platform for foreign investors, is scaling its offering in the U.S. for international buyers and announcing its $5 million seed round. The Fintech startup uses the latest data analysis tech as well as AI and identity verification to make… Read More

New & Improved: Mortgage Application Firm Epoch Financial Group Aims to Raise up to $5 Million on Republic

Anyone who has gone through the mortgage application process understands the system is pretty broken. Beyond proof of financial ability, banks and other mortgage originators require many different documents to be reviewed and approved. A mortgage can take weeks, or months, to close – delays… Read More

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