TransUnion bets $24M in strategic partnership with Truework

Deal sets the stage for TransUnion to go head-to-head with Equifax’s verification service, The Work Number, and help mortgage lenders speed up closings. Continue reading

Vesta continues building out integrations with The Work Number

Founded in 2020 by Blend veterans Mike Yu and Devon Yang in San Francisco, the loan origination system has rolled out a series of product upgrades since $30 million Series A. Continue reading

Redlining and steering continue to plague housing. So where’s NAR?

By backing its membership and ignoring bad actors, the National Association of Realtors has set itself up for government oversight and intervention, writes Revaluate co-founder Chris Drayer. Continue reading

Offerpad executes 1-for-15 reverse stock split to head off delisting

The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Continue reading

It’s definitely a seller’s market: Buyer sentiment sags in poll

With home prices and mortgage rates showing few signs of easing, only 19 percent of Americans thought May was a good time to buy. Continue reading

Treasury Secretary: Commercial real estate will suffer ‘some pain’

In her first interview since the resolution of the debt ceiling crisis, Treasury Secretary Janet Yellen said that while she expects “some pain” and even consolidation, banks will weather the storm. Continue reading

Better.com lays off in-house real estate agents nationwide

Troubled mortgage lender had touted Better Real Estate as a crucial component of its plans to build out an integrated end-to-end technology platform. Continue reading

Regulators are tracking complaints about ‘deficient’ financial chatbots

The Consumer Financial Protection Bureau warns of reputational and legal risks of relying on “deficient chatbots” as the primary mode of interacting with customers. Continue reading

LoanDepot hires new CFO and parts ways with 4 top managers

CEO Frank Martell recruits former CoreLogic colleague David Hayes as losses pile up and mortgage originations hit another new low. Continue reading