Tavant and Freddie Mac team to simplify loan data submission
Digital mortgage tech vendor Tavant teams up with Freddie Mac.
Mortgage
Irish eyes are spying with AIB’s social media prying
O Big Brother, where art thou?
Mortgage maven Trussle gets Goldman Sachs backing
Goldman Sachs among investors and part of £13.6m Series B funding.
RBS walloped with $4.9bn fine for lending legacy issues
US Department of Justice lays down the law.
Mortgages shine in Castlight Financial’s open banking pilot
First pilot goes live for Scottish firm’s “Affordability Passport”.
BOK Financial turns to Roostify for mortgage lendtech revamp
Oklahoma-based BOK Financial joins forces with digital lending platform Roostify.
Unison sees 1,000% year-on-year growth in originations
Also launched in ten additional states across the US.
Homelyfe helps Hoocht hone home insurance
Digital mortgage adviser Hoocht brings on the AI power.
Data analytics firm Ephesoft moves into mortgage tech
Document capture and data analytics firm Ephesoft unveils Ephesoft Transact for Mortgage.
Regions Bank invests in lendtech firm Lender Price
The California-based mortgage tech firm gets equity funding from Regions Bank.
BeSmartee integrates with FormFree’s AccountChek asset verification service
Will give lenders clearer picture of borrower’s likelihood to pay back loan.
Mortgage platform Lender Price teams with Ellie Mae
The pricing engine is right.
Symbiont brings the blockchain to mortgagetech
Teams with technology investment firm Ranieri Solutions for exploration plans.
Finicity in full integration with BeSmartee
Making the digital loan origination process easier for lenders and borrowers alike.
Gatehouse Bank launches Islamic home financing platform
Underpinned by a bespoke case management solution, based on BEP Systems’ Apprivo2.
Saudi Real Estate Refinance Company live on TCS Bancs core system
TCS says this is the “first of its nature deployment in the Middle East region”.
Lendtech Roostify lands $25m to disrupt mortgage industry
Roostify’s Series B funding round comes from new and existing investors.
SoFi reportedly cutting 65 jobs from mortgage division
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Trussle rustles up mortgage monitoring service
Monitors over 11,000 mortgage deals from more than 90 lenders across the market.
Roostify integrates with LendingTree
Consumers can find a loan while Roostify keeps the mortgage origination process online.
Citi unleashes single digital platform for mortgages
Makes dual agreements to integrate its suite of US mortgage products into one platform.
Capital Home Loans swaps Computershare for Phoebus as lendtech provider
UK-based Capital Home Loans (CHL) has signed a five-year deal with Phoebus Software for its mortgage servicing solution.
Roostify launches decision builder
Decision Builder, the latest solution from mortgage tech innovator Roostify, will give lenders the ability to provide loan applications with a clear, easy-to-understand view of all the borrower’s loan options – based on the lender’s actual product and pricing system.
Castle Trust in mortgage tech modernisation project with Phoebus Software
Castle Trust has appointed Phoebus Software for all of its mortgage servicing, allowing to “significantly” reduce the time and cost it takes to service its mortgage book.
Finicity teams with DataVerify
Data aggregation and insights company Finicity has integrated with risk mitigation firm DataVerify to offer mortgage lenders real-time borrower asset verification.
NatWest launches UK’s first paperless mortgage
NatWest says it is to become the first UK bank to offer a paperless mortgage – as customers can now apply for a completely digital mortgage and share and verify documents online. The new proposition means customers don’t need to send signed paperwork or personal and private information through the post. Lloyd Cochrane, director of […]
R3, RBS and UK regulator build regtech prototype for mortgages
Enterprise software firm R3, the UK’s Financial Conduct Authority (FCA), RBS and another unnamed bank have built a prototype application for regulatory reporting of mortgage transactions on R3’s Corda distributed ledger technology (DLT) platform. The application is also able to generate automated delivery receipts for the regulator when a mortgage is booked. The application was […]
Mortgage tech innovator Blend picks up $100m investment
The continued rise of mortgage technology is set to be one of the biggest fintech success stories of 2017, predicts Julie Muhn, senior research analyst at Finovate (Banking Technology’s sister company).
Commerzbank launches digital mortgage financing app
Commerzbank is pushing hard on its mortgage lending business ambitions with the launch of a digital financing app. The app is free and users can carry out house and apartment purchases on their smartphones. Included in the app are a budget calculation tool and access to over 200,000 properties in Germany. “We are the first […]
Mortgage tech provider PCLender acquired by Fiserv
Fiserv has acquired PCLender, a US-based provider of “simple, elegant, internet-based mortgage solutions for community banks, credit unions and mortgage bankers”.
Financial Resources FCU revamps online mortgage tech with Roostify
Financial Resources Federal Credit Union in the US state of New Jersey has implemented Roostify’s mortgage technology platform.
CFPB Snapshot: California Leads Nation in Complaints to Agency
The CFPB receives more than 20,000 complaints every month, according to Director Richard Cordray, and the bureau’s latest installment of its Monthly Complaint Report highlights consumer complaints at the state level. As of June 1, the CFPB has received more than 1.2 million complaints across the country since it began accepting them in 2011. The top three states with the most complaints are California, Florida and Texas with 159,158, 111,559 and 93,472 complaints, respectively.
Australia’s UBank unveils virtual assistant for home loans
UBank, a subsidiary of National Australia Bank (NAB), has launched RoboChat, Australia’s “first virtual assistant” for online home loan applications. RoboChat will guide customers through the online mortgage form by providing real-time input on questions like “what term do you offer on home loans?” and “do you offer redraws and how do they work?”. Lee […]
Capriza powers Yorkshire Building Society mobile move
UK-based Yorkshire Building Society (YBS) has chosen Capriza’s platform to help improve its digital and mobile capabilities. The society will use the platform to let its customers connect and apply for its mortgages and savings accounts through mobile devices. Nick Mortimer, head of marketing and e-commerce, Yorkshire Building Society, says Capriza’s platform offers “very little […]
Mortgage Gym muscles into UK market with robo-adviser launch
The “world’s first, regulated mortgage robo-adviser” Mortgage Gym will be launched in the UK in the coming months – offering online applications in 15 minutes. The service is regulated by the UK’s Financial Conduct Authority (FCA), is free and combines robo- and live-broker advice. Mortgage Gym says its network allows brokers to acquire customers independently, […]
Isbank does good deed with fully digital mortgage service
Turkey’s largest bank, Isbank, has introduced a digital mortgage process where users can follow up credit pre-approval, the actual appraisal and overall credit process 24×7. In the bank’s “instant transaction” area, users’ mortgage applications are pre-approved within a “few seconds” and users can upload title deed images and pay the appraisal fee online to start […]
Alterna Bank launches Canada’s first fully digital mortgage
Ontario-based Alterna Bank says it has launched “Canada’s first and only end-to-end digital mortgage”.
Chase to launch new self-service mortgage platform with Roostify
Chase is planning to launch a new self-service mortgage platform for its 43 million digital users, and will allow customers to digitally track their application – from start to finish.
UK BPO and fintech provider Target Group buys Commercial First
Target Group, a UK-based business process outsourcing (BPO) and software vendor, has purchased the operating business of Commercial First, a provider of commercial and residential mortgage servicing, due diligence and property valuations. Commercial First, also based in the UK, provides clients with services in the real estate lending market ranging from loan administration through to […]
eBook: Adventures in consumer lending – the quest of the five lending jewels
Explore how you can turn challenges into opportunities across five major use cases in consumer lending.
