Category : Lending

Matrix Applications Launches Transparence, An Outsourced Securities Lending Solution
Lending News

Matrix Applications Launches Transparence, An Outsourced Securities Lending Solution

GlobeNewswire
by GlobeNewswire0
The platform highlights the demand in a changing industry landscape, where technology and innovation are creating more opportunities in stock loans for small to medium-sized institutions. This offering removes many hurdles, such as finding the right talent and technology, for securities lending in today’s world. Matrix Applications LLC (“Matrix”), a financial......
First Resource Bank Announces Lending Department Leadership Changes
Banking Lending News

First Resource Bank Announces Lending Department Leadership Changes

PR Newswire
by PR Newswire0
First Resource Bancorp, the holding company for First Resource Bank, announced the promotion of Lee Herzer to Executive Vice President & Chief Lending Officer, effective April 1, 2024. Herzer brings 20 years of extensive experience in the banking industry and has been an integral part of the First Resource Bank team since 2017.......
Harmony Bank Selects Baker Hill NextGen Accelerate to Optimize & Scale Commercial Lending Process
Lending News

Harmony Bank Selects Baker Hill NextGen Accelerate to Optimize & Scale Commercial Lending Process

PR Newswire
by PR Newswire0
Harmony Bank selected Baker Hill NextGen® commercial loan origination system (LOS), which features scalable digital lending capabilities designed for rapid deployment. Baker Hill, a leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, announced its partnership with Harmony Bank. The Dallas-based bank has selected Baker Hill NextGen Accelerate, a......
Automated Financial Systems, Announces Metropolitan Commercial Bank's Selection of AFSVision as their Modern Commercial Lending Platform
Lending News

Automated Financial Systems, Announces Metropolitan Commercial Bank’s Selection of AFSVision as their Modern Commercial Lending Platform

PR Newswire
by PR Newswire0
Automated Financial Systems, Inc. (AFS) announced that Metropolitan Commercial Bank (the “Bank”), is the latest bank to choose AFSVision as their modern commercial lending platform. “AFSVision is one of the leading commercial lending platforms on the market, and it is well suited to accelerating our Core Banking Modernization project.” said Dixiana......
Zest AI Unveils First AI Lending Intelligence Companion
Lending News

Zest AI Unveils First AI Lending Intelligence Companion

PR Newswire
by PR Newswire0
LuLu can quickly connect lending teams with industry data that allows them to analyse performance benchmarks, harvest insights from their Zest AI business results, and access critical information from their internal reports and documents – all with simple, natural human language prompts. Zest AI, the leader in AI lending technology,......
Ascent Partners with MSU Federal Credit Union to Transform Business Lending
Lending News

Ascent Partners with MSU Federal Credit Union to Transform Business Lending

PR Newswire
by PR Newswire0
Through a pilot partnership, MSUFCU will test Ascent’s Loan Origination add-on for unsecured business loans and lines of credit, offering members a streamlined and efficient lending experience. Ascent Platform Corporation, the leader in financial portability solutions for banks and credit unions, is pleased to announce its partnership with Michigan State University Federal Credit......
Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI
Lending Mortgage News

Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI

PR Newswire
by PR Newswire0
The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimising errors for brokers. Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation......
A Startling 85% of Homebuyers in Texas Overpay for Their Mortgage Rate
Lending Mortgage News

A Startling 85% of Homebuyers in Texas Overpay for Their Mortgage Rate

PR Newswire
by PR Newswire0
Competitive Home Lending is committed to increasing awareness that could save the average homebuyer thousands of dollars on their home loan. The top ten mortgage lenders make up over 47% of the market share. Aside from excellent customer service and great mortgage loan programs, these leading companies extend lower wholesale......
DataLend: Securities Lending Revenue in 2023 Reached Modern Record of $10.7 Billion, Up 8.6% Over 2022
Lending News

DataLend: Securities Lending Revenue in 2023 Reached Modern Record of $10.7 Billion, Up 8.6% Over 2022

PR Newswire
by PR Newswire0
Strong performances of North America and APAC equities, global corporate debt drove revenue to historic high AMC stock generated $511 million in revenue for lenders, most of any security globally The global securities finance industry generated $10.7 billion in revenue for lenders in 2023, according to DataLend, the market data service of fintech EquiLend. The figure......
Upright Introduces DSCR Rental Loans
Lending News

Upright Introduces DSCR Rental Loans

PR Newswire
by PR Newswire0
Competitive loans enhance end-to-end investing platform Leading real estate investment platform, Upright, is making debt service coverage ratio (DSCR) rental loans available for the first time. The move is a response to customer demand and represents a further expansion of the firm’s service offering and commitment to enabling wealth creation for......
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