Better.com CEO apologises after laying off 900 workers over Zoom
CEO Vishal Garg says he “blundered the execution” following a barrage of criticism.
Mortgage
Digital transformation in mortgages: beyond weathering the storm
With the high demand for mortgages in the UK, digital transformation efforts in the space have accelerated.
Cloud banking provider nCino to acquire mortgage neolender SimpleNexus
Finserv provider says acquisition is a “natural expansion” of its digital banking platform.
New FinTech Futures Report: Mortgages – the final digital frontier
We’ve launched our latest report, including an in-depth industry survey.
Bank of the Bahamas goes live with Newgen Software
Caribbean bank deploys new software to revamp end-to-end loan process.
Real estate fintech Reali raises $250m funding
The California-based firm will use the funds for national expansion and product development.
Fintech funding deals globally 16 August – 22 August 2021
Featuring DriveWealth, Sightline Payments, Bitpanda, PalmPay and Reali.
Landis secures $165m raise to help Americans become homeowners
The round was led by Sequoia Capital with participation from Will Smith’s Dreamers VC.
Webinar: Unmortgage your mortgage processes with data
Learn how to accelerate your journey to a modern, flexible mortgage infrastructure.
US real estate platform Lev raises $30m in Series A
Lev has now raised a total of $44.8 million.
Better acquires UK digital mortgage broker Trussle
The deal represents Better’s first entry into the UK mortgage market.
ChangeFi CEO: “We have to be on the ground with our communities”
ChangeFi is looking to give “equal access to the American dream”.
Housing fintech Tomo raises $70m in Seed funding
Tomo aims to “digitise the homebuying experience”.
Digital mortgage platform Accept.inc raises $90m
US-based firm plans to expand its “iLender” concept.
Fintech funding deals globally 10-16 May 2021
Featuring Gojek, Ethos, CloudWalk, Yuanbao, and Athena.
Digital transformation can boost minority homeowners
Digital transformation in the mortgage industry have the potential to reverse decades of bias in home ownership.
Better.com’s CPO accused of bullying days after $500m SoftBank investment
The CPO joined Better in 2017 from Goldman Sachs.
American Business Bank picks Teslar Software to refresh commercial lending
The Los Angeles bank says it wanted a “forward thinking” partner.
Western Alliance Bank splashes $1bn on mortgage firm AmeriHome
Arizona bank diversifies its book by branching into mortgages.
Fintech funding deals globally 1-7 February 2021
Featuring Stash, Built, LeaseLock, Valon Mortgage, and Metromile.
Milo brings in $6m to provide US credit to international citizens
Lending start-up plans extra growth after round led by QED Investors.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
Blockchain-based lender Figure seeks US bank charter
Figure wants to simplify its regulatory and compliance procedures.
Mortgage platform Better.com lands $200m in Series D funding
Better claims to have funded $25bn in home loans since 2016.
ICE agrees $11bn Ellie Mae acquisition
Exchange operator aims to boost its nascent mortgage business.
FCA sets out guidance for mortgage providers & lenders on COVID-19-related loan scheme
This supports the announcements made by the Chancellor last week.
Edison Financial reboots itself to launch Canadian digital mortgage start-up
Founder Hash Aboulhosn restarts company to found new venture.
Til a mortgage do us part
Is three months of bank statements really enough to determine whether someone can afford a mortgage?
Lendtech firm Snapdocs raises $25m in Series B funding
Snapdocs claims to power 10% of US mortgage transactions.
Banking Technology November 2019 issue out now
The identity challenge.
United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Finicity and LendingQB partner to accelerate mortgage process
The solution helps lenders spot underwriting factors that can make the process faster.
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Why Iron Man is the ultimate mortgage broker
“Iron Man” – super-powered, not totally automated.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Finicity Partners accelerates Pulte Mortgage’s asset verification
Reducing the time-consuming, manual, and paper-intensive process “from weeks to minutes”.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
Roostify crows about new Adapt mortgage tool
Adapt helps lenders who have complex workflows.
AI Foundry revamps Agile Mortgages solution
Data insights company AI Foundry has been doing a bit of spring cleaning.
