The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending
Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365M fund, Aquiline Technology Growth Fund II, back in May
As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw premiums written drop by 18.4% from a year ago
Qualia API users can automatically place and track title orders and access order, accounting and contact data to build custom notifications and performance dashboards
Layoffs of 561 workers will generate $70M in annual costs savings, buying time for title insurer to adapt its 'instant underwriting' technology for purchase loans
The new suite of APIs automatically opens orders, tracks transaction status, exchanges documents and provides custom reporting features and notifications
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
Executives say layoffs will save the company about $30M a year and help it bring its technology to bear on purchase mortgages
Through LENx division, homebuilder has invested in a portfolio of two dozen companies including Opendoor, Blend Labs, Divvy Homes and Doma
Company races to adapt technology it pioneered to provide instant underwriting of title insurance for refis to be used on more complex purchase loans
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry
Austin, Texas-based company founded by Title365 veterans recently announced Series A funding
Taking a page from the playbook of a fintech upstart, the nation's largest title insurance underwriter is making an automated title decision engine available to title agents
Digital title and closing provider Doma raised less than anticipated in a SPAC merger this week after paying out nearly $295M to early investors who redeemed their shares