Category : Lending

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......
S&P Upgrades PenFed Auto Loan Securitizations Due to Strong Performance
Lending News

S&P Upgrades PenFed Auto Loan Securitizations Due to Strong Performance

PR Newswire
by PR Newswire0
S&P Global Ratings upgraded ratings on three classes and affirmed ratings on three remaining classes in PenFed Auto Receivables Owner Trust 2022-A. Positive Outlooks were assigned to the class B, C and D notes. The affirmations and upgrades reflect collateral performance to date, expectations regarding future collateral performance, the transaction’s......
Finastra Showcases Strategies for Lending Growth and Compliance at Its User Connect Series
Lending News

Finastra Showcases Strategies for Lending Growth and Compliance at Its User Connect Series

PR Newswire
by PR Newswire0
Takeaways from the events highlight why an end-to-end technology stack is key to unlocking innovation for mortgage and lending teams at community banks and credit unions Finastra, a global provider of financial software applications and marketplaces, brought together leaders from community banks and credit unions across the United States to discuss innovation......
Janover Launches its First AI Chatbot SaaS Model and Offers Licensing to Select Commercial Lenders
Lending News

Janover Launches its First AI Chatbot SaaS Model and Offers Licensing to Select Commercial Lenders

GlobeNewswire
by GlobeNewswire0
Multifamily, commercial real estate, and SBA lenders can now dramatically enhance engagement on their websites and improve productivity per employee Janover, an AI-enabled platform for commercial real estate transactions, announced that its now offering its AI chatbot interface under a software-as-a-service (“SaaS”) model to a select number of commercial lenders.......
Goodfood Market Corp. Extends Credit Support From Desjardins Capital Markets and Investissement Québec.
Lending News

Goodfood Confirms Support from Key Lending Partners as it Extends and Amends Credit Facilities

GlobeNewswire
by GlobeNewswire0
Goodfood Market Corp, a leading Canadian online meal solutions company, reached an agreement for an extension of its credit facility with Desjardins Capital Markets and Investment Québec. The facility will now provide bank financing totalling approximately $5 million consisting of a $2.1 million term loan, a $1.3 million revolving credit......
Leading AI Decisioning Platform Rich Data Co Successfully Raises $17.5 Million in Series B Round
Lending News

Leading AI Decisioning Platform Rich Data Co Successfully Raises $17.5 Million in Series B Round

PR Newswire
by PR Newswire0
Rich Data Co (RDC) a leading AI decisioning platform that helps banks make high-quality lending decisions efficiently and safely – has successfully raised US$17.5m in its Series B round. The funding round was led by major Australian bank Westpac and global leader in cloud banking nCino, and supported by a reinvestment from......
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