Tagged: mortgages

June 25, 2025 @ 4:43 pm By JD Alois  |  

Open banking enabler Frollo is targeting the home buyer market with a new service for mortgage brokers. The service features an expedited way to verify financial data while adhering to the Open Banking and the Government-regulated Consumer Data Right (CDR) framework, enacted in Australia. Frollo… Read More

June 16, 2025 @ 12:02 pm By Omar Faridi  |  

In the evolving landscape of personal finance, EstateGuru, a European real estate crowdfunding platform, continues to innovate with its latest offering, EG Grow. These developments underscore EstateGuru’s commitment to democratizing real estate investment and providing secure, accessible opportunities for wealth-building. By launching EG Grow and… Read More

June 7, 2025 @ 12:42 pm By Omar Faridi  |  

Metro Bank has launched a new commercial mortgage, offering an 85% loan-to-value (LTV) for loans up to £5 million. The loan is open to all businesses in England and Wales “with at least two years trading history.” Metro Bank also launched its 75% LTV commercial… Read More

June 3, 2025 @ 8:22 am By Omar Faridi  |  

Novaprime, a mortgage technology company dedicated to making homeownership more affordable, announced a collaboration with Tradeweb, a global operator of electronic marketplaces for rates, credit, equities and money markets. The collaboration leverages Novaprime’s lender-focused Loan Intelligence and Marketplace products and Tradeweb’s electronic trading execution platform,… Read More

May 7, 2025 @ 7:11 pm By Omar Faridi  |  

Prudent AI announced the launch of Prudent AI Upfront, the mortgage industry’s “one-touch” pre-qualification platform that enhances lender sales funnels. This solution empowers lenders to “process more applications, reduce fallout, and capture more business.” Prudent AI Upfront reportedly improves sales funnel efficiency through three transformative… Read More

March 27, 2025 @ 9:49 am By Omar Faridi  |  

Equifax (NYSE: EFX) has launched a new solution, The WorkNumber Report Indicator, enabled by the Equifax Cloud to empower lenders by delivering a  Equifax credit report with an indicator of “employment status earlier in the mortgage qualification process.” The current lending environment requires a fuller view… Read More

March 20, 2025 @ 4:46 pm By Omar Faridi  |  

Multiply Mortgage, the financial technology company that is reportedly making homeownership accessible via employer benefits, announced it raised a $23.5 million Series A funding round, led by Kleiner Perkins. A*, Box Group, Mischief, and Workshop also participated, “bringing the company’s total funding to $27 million.”… Read More

March 14, 2025 @ 2:18 pm By Omar Faridi  |  

The mortgage industry, traditionally burdening professionals with excessive paperwork, outdated manual processes, and sometimes error-prone human decision-making, is undergoing a major transformation due the emergence of advanced AI algorithms and other innovative technologies. Artificial Intelligence (AI) is emerging as a useful tool, aiming to streamline… Read More

January 28, 2025 @ 8:16 am By Omar Faridi  |  

LendInvest (LSE: LINV), a UK property finance business, announces it passed a key milestone with over £5bn in Funds Under Management (FUM). The FUM total now reportedly stands at £5.14bn, boosted by a “£500 million upsize from one of the business’s existing institutional investors.” Today’s FUM… Read More

January 17, 2025 @ 7:36 am By Omar Faridi  |  

LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of today’s borrowers. Recognizing that not all borrowers fit the traditional lending mold, these updates… Read More

December 23, 2024 @ 4:32 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes claiming kickbacks for real estate brokers and agents who steered customers to use the platform for mortgages. The CFPB reported that it had also sued Jason Mitchell, his real estate brokerage firm,… Read More

December 22, 2024 @ 4:56 pm By Omar Faridi  |  

Erratic and dramatic mortgage rate movements that heavily influenced the housing market in 2024 are destined to “play a major role” in the coming year, according to real estate firm Zillow‘s (Nasdaq: Z and ZG) latest market report. Zillow Chief Economist Skylar Olsen said: “There’s… Read More

December 17, 2024 @ 9:15 pm By Tony Zerucha  |  

Results of a new survey from online mortgage marketplace EveryRate.ca show that most Canadians would struggle with a 15% increase in their housing expenses. The survey was conducted with polling firm Leger in mid-November and asked 1,526 Canadians: “If your mortgage or rent increased by… Read More

December 8, 2024 @ 4:11 pm By Michael Wong  |  

Indonesia-based real estate marketplace Lamudi, a subsidiary of Australia’s Digital Classifieds Group, announced the acquisition of Ideal, a Fintech aggregator specializing in mortgage products in Indonesia. This strategic move aims to integrate mortgage facilitation into Lamudi’s platform, offering a more comprehensive solution for property buyers… Read More

December 6, 2024 @ 9:02 am By Omar Faridi  |  

UK Finance released its Household Finance Review for Q3 2024, which explores trends in household spending, saving, and borrowing. According to the update from UK Finance, mortgage lending grew for the second successive quarter, rising by “15 per cent year-on-year, despite the continuing affordability challenges… Read More

November 30, 2024 @ 8:16 pm By Michael Wong  |  

British digital savings and mortgage platform Tembo has secured €16.8 million ($17.8 million) in a Series B funding round, aiming to expand its services and tackle the ongoing affordability challenges in the UK’s housing market. This latest investment brings the company’s total funding to €24… Read More

October 27, 2024 @ 5:51 pm By Tony Zerucha  |  

A new report from J.D. Power analyzes if mortgage customers are prepared for AI-powered chatbots. The signs are encouraging. Artificial intelligence (AI) is here to stay. Three-fourths of business leaders say they are planning to escalate their AI investments as they see its potential to redefine… Read More

October 21, 2024 @ 8:56 am By Omar Faridi  |  

HSBC UK announced it is making its UK mortgages accessible for international homebuyers by introducing tech that makes it easier for customers to leverage their credit history for their UK mortgage application. With newcomers to the UK and global customers facing various challenges and delays… Read More

September 22, 2024 @ 7:23 pm By Omar Faridi  |  

The monthly cost of homeownership may be more attainable than people think, according to a new report from real estate firm Zillow (Nasdaq: Z and ZG). But, it depends on where they live, the report from real estate company Zillow has revealed. According to a… Read More

September 18, 2024 @ 7:43 am By Omar Faridi  |  

LendInvest Mortgages (AIM: LINV), the UK’s platform for mortgages, announces the launch of its new Expat Buy-to-Let mortgage products. This launch marks another significant step in LendInvest‘s mission to simplify mortgage processes for all types of customer, “offering tailored solutions to meet diverse needs.” The… Read More