Tag Archives: Ally Bank

Ally Financial’s exit from mortgage will impact Better, HouseCanary

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Ally, which originated $1 billion in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees. Continue reading →

Ally Financial partners with HouseCanary to grow mortgage

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Co-branded ComeHome solution on Ally’s website will provide would-be homebuyers with access to listings and loan options and encourage existing homeowners to explore refinancing and HELOCs. Continue reading →

Better partners with Infosys to power mortgages for other lenders

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Better, which has had a strategic partnership with Ally Bank since 2019, is looking to partner with more lenders by launching a white-labeled “mortgage-as-a-service” platform with Infosys. Continue reading →

Nearly half of Better’s mortgage business now comes from partners

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Better’s market share has shrunk by more than 70 percent in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42 percent of its mortgage business. Continue reading →

Ally now offers mortgages powered by Better in 46 states

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Ally announced a strategic partnership with Better in 2019 in which Better sells, processes, underwrites, and closes Ally’s digital mortgage offerings, while Ally retains control of marketing, advertising and loan pricing. Hawaii, Nevada, New Hampshire… Continue reading →

Homeowners may delay mortgage payments up to 1 year due to virus

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The move by Fannie Mae and Freddie Mac came days after President Trump announced that delayed mortgage payments may be an option for borrowers amidst the coronavirus pandemic. Continue reading →

How agents are impacted by mortgage digital disruption

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Mortgage providers have been gaining ground when it comes to true digital disruption of the notoriously clunky, paper-heavy process. Although there’s still plenty of work to do, the industry has made some important strides toward streamlining the proce… Continue reading →

How agents are impacted by mortgage digital disruption

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Mortgage providers have been gaining ground when it comes to true digital disruption of the notoriously clunky, paper-heavy process. Although there’s still plenty of work to do, the industry has made some important strides toward streamlining the proce… Continue reading →

Why younger generations need to understand credit scores now

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Young consumers are blithely unaware of the importance of credit scores to their financial lives, according to recent surveys. This is troubling as Americans’ debt levels reach record highs. The good news is that people tend to change their behaviors o… Continue reading →