Tagged: mortgages

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

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

UK’s Landbay Says Buy to Let Sector Needs Extensive Knowledge Base for Advisers, Experienced BDMs

The team at Landbay notes that they believe that as an established lender, they must be able to demonstrate that they’re using the latest technology and continue to enhance the service they provide. Their online platform stands out “as one of the most advanced in… Read More

UK’s Landbay Expects Remortgage Activity to Be Very Strong in 2022

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Leaving the Coronavirus outbreak to one side, the BTL sector is in “good health,” according to an update from Landbay. The value of the private rented sector (PRS) in England, Wales and Scotland surged by 5.8% to £1.4 trillion during the past year, according to… Read More

Molo Finance, a Provider of Fully Digital Mortgages, Shares Notable Buy to Let Hotspots

The team at Molo Finance has shared some notable buy-to-let hotspots in 2022. According to Molo Finance, which focuses on reimagining mortgages, buy to let continues to be a “popular way for people to invest their money.” And as we get ready to enter a… Read More

Digital Mortgage Platform Better.com CEO Vishal Garg to Take “Time Off” After Recently Firing Hundreds of Workers via Zoom Call

Only a week after firing 900 workers via a Zoom conference call, Vishal Garg has decided that he’ll be “taking time off effective immediately” from his role as company CEO of digital mortgage platform, Better.com. In an email sent to employees, reviewed by Vice, the… Read More

Assetz Capital Provides £2.3M Commercial Mortgage for Enlarged North Yorkshire Development

Assetz Capital has provided a £2.3 million commercial mortgage to Roseberry View Lodges. The capital infusion allows the luxury holiday site to refinance an existing development facility and fund five new lodges in North Yorkshire. In a statement, the company said the loan follows 18… Read More

Netherlands based ABN AMRO Is Co-founder of New Green Mortgage Initiative

ABN AMRO (AMS: ABN) confirmed that it’s the co-founder of the new Energy Efficient Mortgages NL Hub (EEM NL Hub). Charissa Cardon will reportedly represent the banking institution on the EEM NL Hub’s board. As mentioned in the announcement, the EEM NL Hub was “initiated… Read More

Digital Bank Volt and Australian Finance Group Introduce Personal Finance App and Loan Product

Australia’s first digital bank Volt and one of the nation’s largest mortgage aggregators Australian Finance Group Ltd (ASX:AFG) have introduced a personal finance app ‘Handl. by AFG’, and a white-label home loan product, ‘AFG Home Loans Sparc’, both “powered by Volt’s banking-as-a-service (BaaS) platform,” according… Read More

Real Estate Report: UK’s Annual House Price Growth Stayed in Double Digits in Sept 2021

The Nationwide House Price Index (in the UK) reveals that the annual house price growth remained steady in double digits for the fifth straight month in September 2021. However, it eased back to 10.0% from 11.0% in August, the Blend Network team notes. The UK-based… Read More

Coventry Building Society and Atos Announce Program to Accelerate Digital Transformation

Coventry Building Society and Atos announced on Monday (October 18, 2021) the completion of a “major” upgrade of its digital infrastructure by Atos that will “help strengthen the Society’s position as a top 10 UK savings and mortgage provider.” As mentioned in the announcement, Coventry… Read More

Finova Acquires BEP Systems to Support Mortgage Platform Presence in the UK

Mortgage platform Finova has reportedly acquired its competitor, BEP Systems, in order to expand its presence in the United Kingdom. Finova’s Cloud-powered software is being used by more than 60 lenders and around 3,000 brokers, meanwhile, BEP, which launched back in 2014, focuses mainly on… Read More

dvo1 Partners with Invictus on Mortgage Loan Data

Leading loan data provider dv01 has partnered with Invictus Capital Partners on mortgage lending. According to a release, the partnership will facilitate data reporting operations for the growing portfolio of non-qualified mortgage loans managed by Invictus and its affiliates. dv01 will serve as Loan Data… Read More

Lawsuit Filed Against loanDepot Helps to Drive Pile On of Class Action Filings

Recently, loanDepot (NYSE:LDI) was hit with a lawsuit by a former executive that alleges fraudulent activity at the online mortgage lender. In a filing dated September 21, 2021, Tammy Richards alleged that loanDepot allowed an environment that enabled sexual harassment and gender discrimination.  Additionally, Richards… Read More

UK Fintech Molo Finance, Which Reimagines Mortgages, Teams Up with In Partnership

The team at Molo Finance is pleased to confirm their partnership with In Partnership Group, a growing community of more than 500 investment, mortgage, and protection advisers. In Partnership aims to offer “high-end” services to its customers and will now provide Molo mortgages as a… Read More

First American Docutech Adds ConformX Loan Doc Genreeration Tech, Solex eSignatus to SimpleNexus Homeownership Platform

First American Docutech, an established provider of document, eSign, eClose and print fulfillment tech, and a member of the First American family of companies, has reportedly integrated its ConformX loan document generation tech and Solex eSignature solution with SimpleNexus’ homeownership platform. Lenders that are using SimpleNexus… Read More

Home Finance Platform Lower Has Funded Billions in Home Loans & Wants to go Global

In June, Columbus, Ohio-based Lower, a home finance Fintech, raised $100 million in a Series A Funding round, led by Accel. Ohio is not known to be a tech hotbed like New York City or the Bay Area and at the time. Lower said the… Read More

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