Author Archives: Matt Carter

Calque partnering up with lenders on ‘buy before you sell’ services

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Austin, Texas-based fintech hires CoreLogic vet as CEO and signs APEX Mortgage Group, C2 Financial and Cornerstone First Mortgage as partners. Continue reading →

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

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United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren’t shopping around for best deals. UWM dismissed a related lawsuit as “a sham.” Continue reading →

Aidium Mortgage CRM lands $19M in Series A led by PeakSpan Capital

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Founded as Daily AI, Aidium rebranded last year to better align brands it had acquired — Whiteboard CRM and Recruitable.ai — under a single umbrella. Continue reading →

Zavvie to power cash offers for American Financial Network

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About 1,150 AFN loan originators nationwide will be able to offer clients access to zavvie’s cash offer programs under a partnership announced Tuesday. Continue reading →

Gold Star taps Loanscape to streamline broker onboarding

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Counterparty risk and oversight platform provider Loanscape says customizable questionnaires and document requests allow lenders to automate up to 80 percent of the workflow when onboarding mortgage brokers and correspondents. Continue reading →

Title underwriter TRG inks $85M merger deal to take Doma private

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If approved by shareholders and regulators, the proposed merger would result in an all-cash transaction, with TRG acquiring Doma’s outstanding shares at 38 percent premium of $6.29 per share. Continue reading →

Latest inflation numbers don’t rule out June rate cut, economists say

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The Federal Reserve’s preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8 percent. Continue reading →

Better hiring real estate agents to originate mortgages in 26 states

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As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers. Continue reading →

Mortgage rates are chasing Treasury yields lower — for now

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With a key inflation report due Friday, mortgage rates and long-term Treasury yields have retreated to levels not seen in two weeks after Fed signals it could ease up on “quantitative tightening.” Continue reading →