Optimal Blue is about to drop an AI assistant aimed at mortgage execs
Conversational generative AI chat assistant, Ask Obi, is aimed at providing high-level insights 'to better understand the data that drives their business,' Chief Product Officer Erin Wester says
by Matt Carter Feb 5
Lower building in-house mortgage tech with Neat Labs acquisition
Lower will integrate Neat Labs' technology into its own cloud-based originations platform and onboard co-founder Steve Herschleb as chief technology officer, executives announced Tuesday
by Matt Carter Jan 8
Blend Labs will power originations, closings for PHH Mortgage
Cloud banking software provider finishing up the year with a bang, partnering with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as new head of product
by Matt Carter Dec 13
SoCal law enforcement personnel offered 0-down home loans
Los Angeles Police Federal Credit Union (LAPFCU) expands its service area and membership base to include municipal, county, state and federal law enforcement agencies in 10 counties
by Matt Carter Dec 10
MyCUmortgage onboards 15 credit unions as new clients in 2024
Ohio-based credit union service organization (CUSO) partners with mortgage technology providers to help credit unions originate, underwrite and service home loans nationwide
by Matt Carter Dec 10
Growth helps cloud banking tech provider nCino trim Q3 loss by 67%
By adding new customers and selling additional services to existing clients, nCino grew revenue by 14% from a year ago, to $138.8M, helping the company slash its Q3 net loss to $5.3M
by Matt Carter Dec 4
Dark Matter charts its own course under Constellation Software
Mortgage tech company carved out of ICE's Black Knight acquisition has signed new clients, expanded its product lineup, and announced plans to transition to a new CEO in April
by Matt Carter Dec 4
New customers and layoffs help Blend approach profitability
In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9% of its workforce, helping trim expenses by 32%
by Matt Carter Nov 6
Mortgage a tough nut to crack for technology provider nCino
Shares in the cloud banking solutions developer are down 14% after it says that mortgage tech business acquired for nearly $1B has been a drag on growth but is expected to pick up
by Matt Carter Aug 28
Investors bullish on Blend on Q2 earnings and revenue beat
Cloud banking software provider continues to grow consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders
by Matt Carter Aug 9
Aidium launches 24/7 customer support for mortgage lenders
Business intelligence and mortgage customer relationship management platform's expanded services follow $19M Series A funding round led by PeakSpan Capital in April
by Matt Carter Jul 2
Blend trims loss, shrugs off decline in mortgage segment revenue
In reporting $20.7M Q1 loss, mortgage tech and cloud banking software provider says it's debt free and on faster track to profitability, thanks to $150M cash injection from Haveli Investments
by Matt Carter May 8
Mortgage tech provider Blend gets $150M private equity cash injection
The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021
by Matt Carter Apr 30
An image of hands on a laptop keyboard with a digital overlay to represent AI for brokerage operations.
Mortgage lenders using AskMax no longer need to be database engineers. They can ask for — and receive — business intelligence in plain English from Maxwell Business Intelligence
by Matt Carter Apr 24
Rocket Mortgage: Patented AI process cuts turn times by 25%
The Detroit-based lender unveiled 'Rocket Logic' on Tuesday, an AI-fueled platform that can glean insights from 10 petabytes of proprietary data and transcripts from 50M borrower calls each year
by Matt Carter Apr 10