Mortgage processing

200 articles tagged with this keyword

/startups

Online mortgage broker Tomo raises $70 million in seed financing

Home buying fintech startup Tomo, led by former Zillow executives Greg Schwartz and Carey Armstrong, has logged one of the largest seed rounds in history, scooping $70 million just eight months after founding.

/startups

Proptech Stavvy raises $40m

Stavvy, the Boston-based startup behind a platform that digitises the mortgage closing process, has raised more than $40 million in a Series A funding round led by Morningside Technology Ventures.

/retail

Mouro Capital pairs Clikalia and Creditas to create online property platform in Mexico

Mouro Capital, the fintech venture vehicle backed by Banco Santander, is to pool the services of two of its portfolio companies to create a new joint venture for online property sales in Mexico.

/retail

Yolt Technology Services brings Open Banking to mortgage lending

ING Bank-backed Open Banking vendor Yolt Technology Services is to expand its Account Information Services to support UK mortgage lenders, the first step in a move to a more wide-ranging model of Open Finance.

/startups

Perenna raises $10m to bring fixed for life mortgages to the UK

London-based fintech Perenna has raised $10 million to back its plans to obtain a banking licence and bring "fixed for life mortgages" to the UK housing market this summer.

/retail

Blend doubles valuation to $3.3 billion on $300 million fund round

Blend, a supplier of loan origination software for the US mortgage industry, has closed $300 million in Series G funding led by Coatue and Tiger Global, nearly doubling its valuation to $3.3B in just five months.

/cloud

Google Cloud releases AI-powered mortgage processing tool

Google Cloud has unveiled an AI-powered tool designed to speed up the notoriously slow mortgage application process.

/retail

Ohpen acquires mortgage fintech Davinci

Dutch fintech Ohpen has acquired cross-border loan and mortgages Software as a Service (SaaS) provider Davinci.

/startups

Neobank for landlords Hammock raises £1 million funding

Hammock, a new neobank built specifically for landlords, has raised £1 million in seed investment from Fuel Ventures and Ascension Ventures, ahead of the planned launch of its current account in the coming weeks.

/retail

Habito raises £35 million to revolutionise home buying

UK digital mortgage outfit Habito has confirmed £35 million of investment as part of its Series C fund raise.

/retail

ICE to buy mortgage software firm Ellie Mae

Intercontinental Exchange has agreed to buy Ellie Mae from Thoma Bravo in a deal that values the mortgage finance software outfit at around $11 billion.

/startups

UBS invests in home ownership startup Houzy

As part of its platform business model for property owners, UBS has invested in Houzy, a Swiss startup that offers users tips and tools to handle renovations and likely costs.

/regulation

Lloyds and its subsidiaries fined £64 million for shabby treatment of distressed mortgage customers

Lloyds Bank, Bank of Scotland and the Mortgage Business have been hit with a £64 million fine by the Financial Conduct Authority for the unfair treatment of up to a quarter of a million customers in mortgage arrears.

/retail

NAB hires more staff to deal with home loan deferrals

National Australian Bank has embarked on a recruitment drive as it prepares to check in on customers who have received a repayment pause on around 80,000 home loans due to the impact of Covid-19.

/regulation

FCA: LIBOR’s tough legacy contracts are a ‘knotty problem’

Speaking at the Association of Corporate Treasurers’ International Treasury Week, Edwin Schooling Latter, director, markets and wholesale policy, FCA, said firms must push forward with LIBOR departure projects despite uncertainties regarding certain LIBOR linked loans.

/startups

Former Westpac execs raise $33 million for digital mortgage startup

Two former Westpac executives have raised $33 million for a home loan startup that aims to upend the mortgage lending business.

/retail

One-in-nine UK mortgage holders taking payment holidays

Over 1.2 million UK mortgage holders have taken advantage of payment holidays offered by lenders, laying bare the economic devastation caused by Covid-19.

/payments

Koodoo collaborates with lenders on mortgage holiday guide

Mortgage technology startup Koodoo has collaborated with major lenders to launch a purpose-built Website and technology toolkit offering consumer guidance on payment holidays during the Covid-19 outbreak.

/Mortgage processing

Nationwide in talks to take over Sainsbury's Bank mortgage book

Nationwide Building Society has confirmed it is in talks with Sainsbury's Bank to buy the supermarket chain's £1.9 billion mortgage book.

/Mortgage processing

Patrizia buys real estate fintech BrickVest

London-based online real estate investment platform BrickVest has been bought by German outfit Patrizia. Financial terms were not disclosed.