Author Archives: Matt Carter

ATTOM assessing climate change risk for every US property

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Consumers and other real estate stakeholders have a growing number of tools to help them assess risks including floods and wildfires. Continue reading →

Mortgage tech startup SimpleNexus to be acquired by nCino for $1.2B

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Deal provides cloud banking solutions provider, nCino, with an entry point to $4 billion U.S. point-of-sale mortgage market. Continue reading →

Off-season rebound for mortgages could bode well for fall home sales

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Second straight week of increases in purchase loan applications following rate reversal suggests stronger sales activity in the weeks to come, according to the Mortgage Bankers Association. Continue reading →

Sagent signs 7-year deal to power loan servicing for Servion Mortgage

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Sagent says its servicing platforms provide “a bank-on-your-phone experience to consumers so they can manage their entire homeownership lifecycle anytime, from any device.” Continue reading →

LoanDepot courts mortgage brokers with new closing capabilities

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LoanDepot, known largely for lending directly to consumers, is upping its game with mortgage brokers with improvements to its mello broker portal that the company says will speed loan closings. Continue reading →

Guaranty Home Mortgage Corp. to automate doc processing with AI

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Mortgage lenders seeking economies of scale are automating much of the loan application and underwriting process, helping them price loans competitively and take market share from less efficient lenders. Continue reading →

Spencer Rascoff: The transaction facilitator category needs a rebrand

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Offerpad backer Spencer Rascoff thinks iBuying will survive without Zillow, but emerging companies need a better name for their services. Continue reading →

Flush with cash, FHA urged to lower mortgage insurance premiums

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Although the FHA isn’t signalling it’s ready to reduce premiums, it’s looking at ways to expand access to mortgage credit, including downpayment assistance and support for “small-dollar” lending in underserved markets. Continue reading →

FairPlay lands $4.5M seed round to help lenders combat racial bias

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The New York-based startup helps lenders discover bias in algorithms and take a second look at rejected applicants using “cutting edge AI fairness techniques.” Continue reading →

Fake landlord and deed fraud scams plague Detroit buyers and renters

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Mortgage lenders are cautious about extending credit and home prices are so low that most deals are for cash, putting buyers at greater risk. Continue reading →