Tagged: mortgages

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

Mike Cagney’s Figure Inks Two Deals With Fintech Software Provider Sagent

Fintech software company Sagent, which modernizes mortgage and consumer loan servicing for American financial institutions, today announced two major strategic deals with digital lending and payments firm Figure. Sagent will power Figure’s mortgage servicing services, and the firms will partner to accelerate Figure’s blockchain vision…. Read More

Netherlands based ABN Amro to Offer Sustainability Discount on Mortgage Interest Rates for Energy-Efficient Homes

ABN Amro (AMS: ABN), a Dutch bank with headquarters in Amsterdam and currently the third-largest bank in the Netherlands, will be offering clients a sustainability discount on mortgage interest rates for energy-efficient homes. ABN Amro‘s management noted that they will be using the EU’s Energy Label… Read More

Proptech Landis Raises $165 Million Series A led by Sequoia

Proptech Landis has raised $165 million in debt and Series A equity financing led by Sequoia Capital.  Other investors include Arrive, a Roc Nation company, Will Smith’s Dreamers VC as well as existing investor Signia Venture Partners. Total funding for Landis now stands at $182… Read More

UK Digital Bank Starling Acquires Buy-to-Let Specialist Mortgage Lender, Fleet Mortgages

UK-based digital bank Starling has confirmed the acquisition of specialist buy-to-let mortgage lender Fleet Mortgages as part of a £50 million cash and share deal. Fleet Mortgages, based in Hampshire, focuses on offering mortgages to professional and semi-professional buy-to-let landlords, “only via mortgage adviser distribution… Read More

Atom Bank Exec Explains How They’re Not Your Typical Bank, After Fintech Exceeds £3B in Residential Mortgage Lending

Earlier this month, the team at Atom Bank reported reaching a key milestone: £3 billion in residential mortgage lending. Hitting this number “represents an important step for our bank, and gives us a real sense of progress as we continue helping more to buy, move,… Read More

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

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