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Mortgage technology

ICE reports strongest mortgage revenue in over 3 years

Earnings, Industry News, Mortgage technology, Originations /

Profits for Intercontinental Exchange’s mortgage technology operations remained in the black for the third straight quarter, as the company touted its software adoption even as customers adjusted for recent slowdowns in volume.   Processing Content Revenues for the mortgage unit increased to approximately $532 million in the fourth quarter, increasing from $528 million in the previous […]

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Figure helps Bed Bath & Beyond enter mortgage finance

Blockchain, Cryptocurrency, M&A, Mortgage technology, Technology /

Bed Bath & Beyond is moving into mortgage and home equity finance through a deal that leans heavily on Figure Technologies’ lending and tokenization infrastructure.   Processing Content The company announced Monday that it has acquired Tokens.com, a blockchain-based platform that will serve as the foundation for a new investment and personal finance business.  

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Rithm takes minority stake in servicing platform Valon

Rithm takes minority stake in servicing platform Valon

Artificial Intelligence, Industry News, Mortgage technology, Servicing, Technology /

Rithm Capital is boosting its investment in servicing technology provider Valon, taking a minority equity ownership stake and expanding on their existing business partnership. Processing Content With the move, Rithm expects to reduce costs for its home finance subsidiary, Newrez, and further scale development of Valon’s artificial intelligence-backed operating system “to modernize the $13 trillion

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Rocket Mortgage sued over third party web trackers

Cyber security, Law and legal issues, Mortgage technology, Rocket Mortgage /

Rocket Mortgage is being accused of selling mortgage applicants’ sensitive financial data to third parties, via surreptitious trackers on its website.  Processing Content Gary Fedoroff, who applied online for a refinance last November, filed a class action lawsuit in a California federal court last week accusing the megalender of unlawfully disclosing applicants’ information. The complaint

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UAD 3.6 is live, but many lenders aren’t ready

Appraisals, Mortgage technology, Secondary markets, Underwriting /

UAD 3.6, a sweeping overhaul of how residential appraisals are reported to Fannie Mae and Freddie Mac, becomes available to all lenders on Jan. 26. The rollout comes even as many lenders are still sorting out what the change will mean for their appraisal workflows, systems and timelines. Processing Content The new standard replaces UAD

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Kurt Pfotenhauer, mortgage and title industry leader, dies

Kurt Pfotenhauer, mortgage and title industry leader, dies

First American Financial Corp., Mortgage technology, Obituaries /

Kurt Pfotenhauer, a longtime leader in the mortgage and title industry, has died, First American Financial said in a statement. He was executive vice president and vice chairman of the company. Processing Content “Kurt will be remembered not only for his professional achievements, but also for the kindness and integrity he showed to everyone he

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Attom acquires investment technology platform Resishares

Attom acquires investment technology platform Resishares

Industry News, M&A, Mortgage technology, Originations, Technology /

Real estate data provider Attom is acquiring the assets of a former residential investment firm, a move that aims to expand its technology and artificial intelligence holdings and support scalability for both platforms.  Processing Content The merger with Resishares complements Attom’s own access to housing data across the country and expands it to accelerate development

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Titl raises .5M to modernize title with AI, blockchain

Titl raises $2.5M to modernize title with AI, blockchain

Artificial Intelligence, Blockchain, Mortgage technology, Technology, Title insurance /

A title industry startup aiming to cut closing time and costs for homebuyers via blockchain technology finds itself on the receiving end of a new venture capital raise to support its expansion. Processing Content Titl, a Miami-based fintech, announced a seed funding round of $2.5 million, which was led by Cofounders Capital and FIT Ventures.

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Newrez announces plan for crypto in originations

Newrez announces plan for crypto in originations

Cryptocurrency, Industry News, LOAN PRODUCTS, Mortgage technology, Originations /

One of the country’s leading mortgage lenders is moving into crypto, allowing borrowers to submit digital holdings as assets to be considered when applying for certain home loans.  Processing Content National lender and servicer Newrez announced it will begin to recognize and accept cryptocurrencies in February across its Smart Series suite of nonagency products without

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Optimal Blue, lenders contest software price fixing claims

Law and legal issues, Mortgage technology /

Optimal Blue and dozens of lenders are poking holes in an antitrust case from borrowers, suggesting a core flaw in their claims in that the vendor doesn’t operate a pricing algorithm.  Processing Content Defendants including 26 of the industry’s most prominent originators hinted at their arguments Monday in their first formal response to the lawsuit

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