Staircase's ChatMTG promises to automate mortgage approval
ChatMTG can produce a rate for the consumer in less than a minute and the entire application for both new and refinanced mortgages can be completed in 10 minutes or less
by Craig C. Rowe Feb 13
Blend Labs laying off 150 more workers on 'path to profitability'
Mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in 5 rounds of layoffs in the last 16 months
by Matt Carter Aug 14
Regulators are tracking complaints about 'deficient' financial chatbots
Consumer Financial Protection Bureau warns of reputational and legal risks of relying on 'deficient chatbots' as a primary mode of interacting with customers
by Matt Carter Jun 6
Mortgage, tech experts invited to brainstorm ideas at 'TechSprint'
Fannie Mae and Freddie Mac's federal regulator will host Velocity TechSprint, a problem-solving challenge for product developers and data scientists in nation's capital July 10-13
by Matt Carter Apr 7
As losses mount, Blend looks beyond mortgage for future growth
San Francisco-based cloud banking software provider has trimmed the company's payroll by nearly 800 employees and cut annual expenses by $72M
by Matt Carter Mar 16
CoreLogic snaps up mortgage technology provider Roostify
The deal is touted as a way to give mortgage lenders critical information about borrowers and properties at the beginning of the loan process to streamline closings
by Matt Carter Feb 22
Fifth Wall's Brendan Wallace on why 'proptech is existential' for leaders
Fifth Wall's co-founder revealed why proptech is worthy of venture capital, how friction generates money for lenders and why physics can better illuminate real estate’s carbon footprint
by Craig C. Rowe Feb 8
Venture capital giants like Pylon's embeddable mortgage offering
$8.5M seed funding round led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global
by Matt Carter Dec 6
First Community Mortgage announces 'major' expansion
FCM lures talent from PrimeLending and invests in technology and diversity to fuel growth as mortgage rates force many lenders to downsize
by Matt Carter Oct 20
Mortgage tech provider Lender Price partners with NEXA Mortgage
The deal is the second Lender Price has announced this week to provide broader access to its marketplace product, pricing and eligibility engine
by Matt Carter Oct 13
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
One week after LA launch, Knock blankets Southern California
A rapid expansion from Los Angeles into San Diego, Santa Barbara and markets inland puts Knock well ahead of its '21 in 21' available markets goal
by Craig C. Rowe Mar 4
Proptech company Cloudvirga shakes up executive lineup
On Thursday, the company promoted chief revenue officer Dan Sogorka to CEO, the 3rd executive hire this year
by Marian McPherson Aug 8
Clayton Holdings looks to take advantage of growing Bay Area fintech industry
Firm specifically eyeing fintech companies in the Bay Area
by Erik Pisor Jan 11