Mortgage processing

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/Mortgage processing

UK challenger bank launches as proptech market hots up

Redwood Bank, a new challenger bank providing mortgages to small businesses and professional landlords, has opened its doors four months after it was granted a banking license.

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Mortgage tech outfit Blend raises $100m

Blend, the Silicon Valley technology company propelling consumer lending into the digital age, today announced it has raised $100 million in Series D funding.

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Tesco Bank extends Capita mortgage services deal

Capita has agreed a contract extension until 2020 to provide mortgage services to Tesco Bank.

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HSBC taps Capita for mortgage broker platform

HSBC has selected software from Capita to underpin a new broker distribution channel for mortgages.

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360 Mortgage Group launches online mortgage platform

Privately-owned mortgage banking firm, 360 Mortgage Group LLC (360), announced today its continued expansion into the direct-to-consumer online mortgage space with the launch of the NOLO platform.

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Fiserv buys assets of PCLender

Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, announced today it has acquired the assets of PCLender, LLC, a leader in next generation enterprise internet-based mortgage software and mortgage lending technology solutions.

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Trussle calls for mortgage switch guarantee

Online mortgage broker Trussle is proposing that a new set of industry standards be introduced to the mortgage market, to offer consumers much-needed support with switching.

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FRFCU implements Roostify home loan platform

Roostify, a provider of automated mortgage transaction technology, today announced that Financial Resources Federal Credit Union (FRFCU) has implemented Roostify’s mortgage technology platform in order to create a better online experience for its members applying for or refinancing a home loan.

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MortgageGym secures investment from GoCompare

MortgageGym.com, the world’s first digital mortgage robo-adviser, announces an investment from GoCompare, the financial services comparison website.

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Equiniti acquires Nostrum Group

Equiniti Group plc, the FTSE listed FinTech and regulatory services business, today announces the acquisition of the Nostrum Group Limited (Nostrum).

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Niu Solutions partners with Virgin Money to bolster intermediary technology

Niu Solutions, a leading provider of managed IT services, partnered with Virgin Money to further enhance the lender’s intermediary mortgage portal.

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MortgageGym appoints former operating chief of Deutsche Bank as adviser

MortgageGym.com, the world’s first regulated mortgage robo-adviser, is pleased to announce that Henry Ritchotte, former Chief Operating Officer and member of the management board of Deutsche Bank AG, has joined with immediate effect as investor and adviser to the company.

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ING customers can apply for a mortgage on their mobile

It’s never easy to find a home that meets all your wishes and demands. First you’ll have to find one that’s within your budget.

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Digital change raising the bar for lenders, says CML research

Digital change is radically altering consumer expectations in the mortgage market and “raising the bar for what borrowers expect from their home buying and owning experience,” according to research published today by the CML.

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Santander launches in-branch mortgage video service

Santander is to beam specialist mortgage advisors over the ether to talk to customers via video screens located at 66 branches across the UK.

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Royal London applies machine learning tech to mortgage underwriting

Royal London, the UK’s largest mutual life insurer has teamed up with fee free mortgage and protection adviser L&C to develop and test a new life insurance application service called Streamlined Mortgage Protection which uses advanced machine learning algorithms to simplify the underwriting journey.

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ABN Amro IT takes share of blame for mortgage malpractice

ABN Amro has fired a number of mortgage advisors for forging client signatures in revised documentation, but the Dutch bank has also taken its share of the blame after an investigation uncovered clunky IT systems and poor management as major contributing factors.

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UK banks failing customers in digital mortgage market

Three of the UK’s biggest mortgage providers have hit rock bottom when it comes to providing an easy-to-navigate online access point, according to research from financial experience design agency Dock9.

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MortgageGym raises £2m seed funding ahead of launch

MortgageGym, the world’s only regulated mortgage robo-adviser, has announced the successful completion of a seed funding round of £2m ahead of its official launch this summer.

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Essel Home Loans goes digital with Nucleus Software

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced that Essel Home Loans Ltd., the new housing finance subsidiary of Essel Finance, has signed a deal for FinnOne Neo Cloud.