Phoebus Software achieves buyout backed by NorthEdge Capital
After 30+ years of private ownership, UK-based Phoebus has concluded a management buyout.
After 30+ years of private ownership, UK-based Phoebus has concluded a management buyout.
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
The new tech uses the Pega Platform, the digital process automation (DPA) platform from Pegasystems
“Iron Man” – super-powered, not totally automated.
Terms of the transaction were not disclosed.
Reducing the time-consuming, manual, and paper-intensive process “from weeks to minutes”.
The integration will help with document recognition and data extraction technology.
Adapt helps lenders who have complex workflows.
Data insights company AI Foundry has been doing a bit of spring cleaning.
Finicity’s Verification of Assets (VoA) solution integrated with Mortgage Cadence’s loan origination platform.
Blend will leverage Ellie Mae’s electronic disclosure delivery.
Digital mortgage tech vendor Tavant teams up with Freddie Mac.
O Big Brother, where art thou?
Goldman Sachs among investors and part of £13.6m Series B funding.
US Department of Justice lays down the law.
First pilot goes live for Scottish firm’s “Affordability Passport”.
Oklahoma-based BOK Financial joins forces with digital lending platform Roostify.
Also launched in ten additional states across the US.
Digital mortgage adviser Hoocht brings on the AI power.
Document capture and data analytics firm Ephesoft unveils Ephesoft Transact for Mortgage.
The California-based mortgage tech firm gets equity funding from Regions Bank.
Will give lenders clearer picture of borrower’s likelihood to pay back loan.
The pricing engine is right.
Teams with technology investment firm Ranieri Solutions for exploration plans.
Making the digital loan origination process easier for lenders and borrowers alike.
Underpinned by a bespoke case management solution, based on BEP Systems’ Apprivo2.
TCS says this is the “first of its nature deployment in the Middle East region”.
Roostify’s Series B funding round comes from new and existing investors.
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Monitors over 11,000 mortgage deals from more than 90 lenders across the market.
Consumers can find a loan while Roostify keeps the mortgage origination process online.
Makes dual agreements to integrate its suite of US mortgage products into one platform.
UK-based Capital Home Loans (CHL) has signed a five-year deal with Phoebus Software for its mortgage servicing solution.
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 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.
Data aggregation and insights company Finicity has integrated with risk mitigation firm DataVerify to offer mortgage lenders real-time borrower asset verification.
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 […]
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 […]
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 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 […]