New Boom API to scale reporting of tenant payments to credit bureaus

Boom’s new product will allow virtually any large-scale property management platform or rent payment gateway to directly embed its payment reporting module for faster, simpler reporting of tenant payment records. Continue reading

TransUnion knocks plan to let lenders use 2 credit reports

The plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and Freddie’s federal regulator. Continue reading

Truework adds fraud protection to automated income verifications

Most borrowers who have granted their mortgage lenders permission to verify their income and employment won’t have to confirm the request a second time with their employer’s payroll provider. 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

Legislation aimed at banning mortgage trigger leads is back

Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading. Continue reading

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading

Equifax will pay up to $700M over data breach that exposed millions

The payments are a response to the largest-ever data hack of its kind, which was discovered in 2017 and impacted nearly 150 million consumers. Continue reading