Real acquires lending arm of LemonBrew Technologies
Agents working under the banner of Real can now extend mortgage services to their clients as a result of the company's acquisition of LemonBrew Lending
by Craig C. Rowe Sep 26
Ribbon back in expansion mode with push into Illinois and Michigan
Less than 2 months after layoffs, the power buyer is now in 17 states and says it's still on track to meet a goal of being operational in half of the US by the end of the year
by Matt Carter Sep 15
Congress closer to prodding VA to update appraisal requirements
The Department of Veterans Affairs allows desktop appraisals when borrowers put 20% down, but nearly 90% of VA-backed loans are made to homebuyers who put zero down
by Matt Carter Sep 15
Cornerstone Home Lending to become a bank
Approval by bank regulators will allow Cornerstone to 'significantly expand' product and service offerings to hundreds of thousands of customers and referral sources nationwide
by Matt Carter Aug 31
Realtor.com's Move takes a stake in lender matching service Own Up
The partnership was announced along with a $25M funding round led by Brand Foundry Ventures, with participation by Move and existing investors Link Ventures and Listen Ventures
by Matt Carter Aug 31
Borrower surveys pinpoint closings as problem area for lenders
Investments lenders have made to streamline the application process seem to be paying off, but surveys show borrowers are still tripped up by document collection and closings
by Matt Carter Aug 30
Sagent to power loan servicing for Bank of England Mortgage
The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments
by Matt Carter Jul 28
Berkshire Hathaway-owned lender settles redlining case with DOJ
This case is the first-ever redlining settlement against a mortgage company and the second-largest such settlement in DOJ history
by Taylor Anderson Jul 27
Keller Mortgage taps Mortgage Coach to convert more leads
After conducting 2 rounds of layoffs, Keller Williams' lending arm looks to grow its business by making a popular lead conversion tool available to all of its loan officers
by Matt Carter Jul 26
Credit card revenues surpass mortgages at Wells Fargo in Q2
Rising interest rates and a shrinking branch network are cutting into Wells Fargo's mortgage business, and bank executives say they're fine with that
by Matt Carter Jul 15
SEC is investigating Better as Barclays, Citigroup resign as deal advisers
Mortgage upstart Better's plan to go public via a SPAC merger faces new challenges as banks that were advising the companies resign their roles
by Taylor Anderson Jul 14
Sprout Mortgage is 2nd non-QM lender to implode in as many weeks
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
by Matt Carter Jul 7
Agents schooled on alternative financing, lending and mortgages
Real estate agents attending Inman Connect Las Vegas got tips on partnering with lenders and alternative financing providers to land more clients and overcome obstacles
by Matt Carter Oct 28
Homebuyer pool set to expand with mortgage alternatives: CEOs
The CEOs of 2 leaders in the field — Divvy Homes and HomeLight — said during Connect Now on Tuesday that they can help agents' clients negotiate challenging market conditions
by Matt Carter Jul 20
The digital transaction is great — but mortgage tech still needs work
It's easier than ever to complete a transaction without ever meeting in-person, but the mortgage lending process is one pain point in which multiple agents have aired grievances