Mortgage processing

200 articles tagged with this keyword

/retail

Shawbrook offers lending discount for consumers sharing open banking data

UK specialist lender Shawbrook Bank is using Open Banking technology from ClearScore to assess the creditworthiness of potential customers and offering a discount on loans for those who share their data.

/people

After mass Zoom firing, Better.com lays off another 3000 employees

Better.com, the digital mortgage outfit that caused uproar last year after its CEO fired 900 employees in a single Zoom call, is laying of another 3000 staffers.

/cloud

Westpac appoints first BaaS chief

Westpac has appointed Damien MacRae as its first BaaS chief executive, overseeing the Australian lender's efforts to deepen its relationship with non-bank partners looking to embed banking services.

/retail

Selina Finance snags £150 million for home equity lending

Selina Finance, a London-based alternative lender which provides credit to business and consumer borrowers by unlocking the value tied up in their property, has raised $35m in equity from Lightrock and $115m in debt from Goldman Sachs and GGC.

/people

Better.com CEO takes 'time off' in wake of mass Zoom firing

A week after firing 900 employees in a single Zoom call, Vishal Garg is “taking time off effective immediately” from his position as CEO of digital mortgage outfit Better.com.

/people

Better.com CEO fires 900 in single Zoom call

The boss of digital mortgage outfit Better.com is under fire after laying off around 900 employees on a single Zoom call and then accusing many of "stealing" by being unproductive.

/startups

Fronted raises £20m to launch interest free ‘lifetime deposit’ for renters

Rental deposit lending business Fronted has raised over £20m in a debt and equity deal led by Fasanara Capital. This comes after Monzo co-founders backed the fintech in a £1m fundraise in May 2021.

/retail

NCino acquires SimpleNexus for $1.2 billion

Cloud-based core banking vendor nCino is to expand its business in the US mortage market through the acquisition of SimpleNexus in a stock and cash transaction valued at approximately $1.2 billion.

/retail

Starling Bank buys £1 billion mortgage book

Starling Bank has reportedly bought a mortgage book worth around £1 billion as it steps up its challenge to the UK's largest banks.

/sustainable

COP26: Triodos targets net zero by 2035 – and encourages peers to follow suit

Triodos Bank has just announced its aim to reach net zero by 2035.

/sustainable

NatWest to offer better interest rate for re-mortgaging of energy efficient properties

NatWest is to offer a preferential interest rate to new or existing customers who are looking to re-mortgage an energy efficient property.

/startups

Aviva and Nationwide join £2.5 million round in mortgage broker Tembo

Tembo Money, a mortgage broker for first-time buyers, has raised £2.5 million, with backing from Aviva and Nationwide.

/sustainable

ABN Amro to offer mortgage discounts on energy efficient properties

ABN Amro is to offer customers a sustainability discount on mortgage interest rates for energy efficient homes.

/startups

Home ownership startup Landis raises $165 million in debt and equity

Landis, a US startup that uses technology and data science to help renters reach homeownership, has closed $165 million in debt and Series A equity financing.

/retail

Starling Bank acquires Fleet Mortgages for £50 million

Starling Bank has made its first acquisition, shelling out £50 million for the buy-to-let lending operation of Hampshire-based Fleet Mortgages.

/startups

Australian rent-to-own startup OwnHome raises $3.6 million

OwnHome, an Australian rent-to-own scheme for millennials, has bagged $3.6 million in funds from investors including Global Founders Capital, Entrée Capital, AfterWork and InVentures.

/sustainable

Danske Bank introduces carbon neutral mortgage

Danske Bank's Northern Ireland unit has launched the UK’s first mortgage to be certified as carbon neutral.

/retail

Volt acquires Australian Mortgage

Australian neobank Volt has acquired fintech lender Australian Mortgage to speed up the mortgage approval process as part of its banking-as-a-service offering.

/retail

Better buys UK online mortgage broker Trussle

Better HoldCo, a digital platform that helps Americans buy homes, has acquired UK online mortgage broker Trussle Lab. Financial terms were not disclosed.

/retail

RVU to acquire digital mortgage startup Mojo

RVU, owner of Uswitch, Confused.com and Money.co.uk, is taking on the UK mortgages sector by agreeing to acquire Mojo Mortgages.