Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Computershare posts record full year profit

Australian share registry Computershare has posted its largest ever profit, boosted by massive growth at its mortgage services business and in the US.

16 August 2018

News/Mortgage processing

RBS sings the praises of paperless mortgages

Royal Bank of Scotland has tapped into pent-up demand from consumers for paperless mortgage processing, following the launch earlier this year of its online document sharing service DigiDocs.

16 August 2018

Company update/Mortgage processing

UOB remodels home buying process with all-in-one digital package

United Overseas Bank (UOB) today announced it has brought together Singapore’s largest property ecosystem under one roof.

07 August 2018

Company update/Mortgage processing

UBank unveils online home loan applicatin tracker

The process of choosing and applying for a home loan can be complex and confusing.

06 August 2018

News/Mortgage processing

Hundreds of Wells Fargo customers forced out of their homes due to computer glitch

Hundreds of Wells Fargo customers lost their homes because of a computer glitch which denied creditors at risk of foreclosure modifications to their loan terms.

06 August 2018

News/Mortgage processing

Legal & General invests in mortgage intermediary platform SmartR365

Legal & General has made a £3 million investment in Smartr365, a software-as-a-service supplier to the UK mortgage intermediary market.

31 July 2018

Company update/Mortgage processing

Colonial selects Roostify for mortgage processing

Colonial National Mortgage, a division of Colonial Savings F.A. and a national, multi-service financial institution headquartered in Texas, has launched Roostify, a dynamic mortgage transaction technology, to provide its applicants with a simple and intuitive platform for obtaining a home loan.

20 July 2018

News/Mortgage processing

Moneysupermarket sets up fintech JV to digitise the mortgage market

Price comparison website Moneysupermarket is moving into the mortgage market, setting up a joint venture with the founders of HD Decisions to enable consumers to search for, and apply, for a home loan online.

19 July 2018

Company update/Mortgage processing

Finicity integrates with SimpleNexus for streamlined home loans

Finicity, a leading provider of real-time financial data aggregation and insights, announced today it is working with SimpleNexus to automate borrower asset verification for lenders using the SimpleNexus Enterprise Digital Mortgage Platform.

18 July 2018

Company update/Mortgage processing

Joust taps new Asutralian crowdfunding rules in bid to raise $2 million

Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million.

17 July 2018

Company update/Mortgage processing

P2P property platform Lendy wins FCA authorisation

Lendy – The Property Platform, one of Europe’s largest peer-to-peer platforms, has received full authorisation from the UK regulator, the Financial Conduct Authority (FCA).

11 July 2018

Company update/Mortgage processing

Sberbank issues first electronic mortgage certificate

2 July 2018, Tyumen – Sberbank has created its first electronic mortgage certificate and sent it to Rosreestr. Electronic mortgage certificates can be issued starting from 1 July due to amendments to Federal Law No. 102-FZ ‘On real estate mortgages’ dd. 16 July 1998.

03 July 2018

Company update/Mortgage processing

LendInvest joins Luxembourg fintech hub

LendInvest, the UK’s leading online marketplace platform for property finance, has become a fellow of the Luxembourg House of Financial Technology (LHoFT), the country’s leading FinTech innovation hub.

12 June 2018

Company update/Mortgage processing

Finastra integrates Optimal Blue into Fusion MortgagebotPOS tech

Finastra has integrated Optimal Blue into its Fusion MortgagebotPOS solution, enabling banks and credit unions to provide mortgage applicants with Optimal Blue’s live pricing searches, via any point-of-sale channel.

11 June 2018

Company update/Mortgage processing

Shieldpay claims UK's first fully digital mortgage settlement

Shieldpay and My Home Move’s law firm subsidiary, Premier Property Lawyers, with the support of Barclays and the specialist regulator of conveyancers, the CLC, have used Shieldpay’s instant digital escrow facility to power the UK’s first fully digital mortgage settlement, bringing transformation to the £245 billion mortgage market in the UK[1].

30 May 2018

Company update/Mortgage processing

NSW Government back proptech startup HashChing with $700,000 loan

Sydney-based online home loan marketplace, HashChing, is shaking up the industry by giving potential borrowers the chance to bypass the big banks and get a better home loan deal from over 550 community rated mortgage brokers across Australia.

24 May 2018

Company update/Mortgage processing

PropTech startup When You Move secures £3 million funding for UK launch

A pioneering proptech platform revolutionising the speed in which UK homebuyers and solicitors can process a property transaction launches to market today, fully automating the end-to-end process of UK conveyancing.

21 May 2018

News/Mortgage processing

Irish bank caught in social media spying storm

Allied Irish Bank (AIB) has been accused of spying on its customers after it emerged that it monitors mortgage holders' social media accounts

14 May 2018

News/Mortgage processing

Athena raises $15 million to disrupt Australian mortgage market

Athena, an Australian home loans startup led by former NAB bankers that is bidding to take on the nation's biggest lenders, has raised $15 million in a funding round led by Macquarie Bank and Square peg Capital.

10 May 2018

News/Mortgage processing

FCA calls for more innovation in mortgage market

The Financial Conduct Authority wants UK lenders to provide more online tools to help customers choose the right mortgage deal and to switch more easily to cheaper products.

04 May 2018