Ribbon wants to free buyers from the pitfalls of chain transactions

Ribbon co-founder and CTO Wei Gan says he wants homebuyers to be able to move beyond the traditional model of selling before buying, giving latitude to all sets of buyers. Continue reading

Mortgage tech provider Gateless looking to ride automation wave

The mortgage technology company founded by Guaranteed Rate CEO is integrating with Fannie Mae and Freddie Mac and partnering with Google Cloud, it was announced this week. Continue reading

Wells Fargo warns it will cut costs as mortgage lending continues to slide

Although Wells Fargo executives did not explicitly mention impending layoffs during a Q1 earnings call on Thursday, the company has been closing branch offices. Continue reading

Divyy Homes CEO: Rising home prices and rates are business drivers

“Our goal is not necessarily to expand a ton into new markets,” Divvy CEO Adena Hefets told Inman ahead of Inman Connect New York next week, following company’s latest $200 million round. Continue reading

Cornerstone latest lender to take mortgage loan servicing in-house

In a coup for Black Knight, the deal is the latest in a growing trend as lenders see servicing as a way to smooth out revenue and retain past customers when they refinance or buy their next home. Continue reading

Rising home prices expected to drive record purchase loan volume

High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a dent in sales of existing homes, according to the Mortgage Bankers Association. Continue reading

Mortgage industry players now pooling data to promote e-closings

MISMO and Snapdocs have teamed up to launch the ‘e-Eligibility Exchange’ with participation from major data providers including Freddie Mac and First American Corp. Continue reading

Vontive nabs $135M for embeddable real estate investor loan platform

Series B round led by Zigg Capital includes $25 million in venture capital and $110 million in debt. Continue reading