Category : Lending

Regions Bank and CRE FinTech Blooma Collaborate to Modernize Lending Workflow
Banking Lending News

Regions Bank and CRE FinTech Blooma Collaborate to Modernize Lending Workflow

Fintech News Desk
by Fintech News Desk0
Digital underwriting platform powered by artificial intelligence streamlines CRE lending Regions Bank on Wednesday announced its adoption of Blooma’s commercial real estate (CRE) lending solution, a cloud-based platform that automates manual portions of the lending workflow and connects various tools and data sources to support investor and developer clients with more efficient financing......
Vesta Announces Integration With Advantage Credit for Streamlined Credit Services
Lending News

Vesta Announces Integration With Advantage Credit for Streamlined Credit Services

Fintech News Desk
by Fintech News Desk0
Lenders using the Vesta next generation loan origination system (LOS), can now access Advantage Credit’s credit reporting services directly from the LOS without ever disrupting the origination workflow. This natively built integration with Advantage Credit provides lenders with verified credit reports in the order of seconds, expediting loan closures and......
BofA Community Development Banking Provides Record $7.85 Billion in Lending and Investing in 2022
Lending Mortgage News

BofA Community Development Banking Provides Record $7.85 Billion in Lending and Investing in 2022

Fintech News Desk
by Fintech News Desk0
Sixth Consecutive Record Year, Doubled Financing since 2016, by Providing Innovative Affordable Housing Financing Solutions Bank of America Community Development Banking (CDB) provided $7.85 billion in loans, tax credit equity investments, and other real estate development solutions in 2022, surpassing a previous record of $6.7 billion in financing in 2021. In its sixth consecutive......
Open Lending Announces Extension Of Agreement With AmTrust
Lending News

Open Lending Extends Program to Older Vehicles to Support Today’s Car Buyer

Fintech News Desk
by Fintech News Desk0
With the average age of vehicles financed jumping from 5.4 to 6.4 years for FICO scores below 640, vehicle age expansion enables auto loan growth in an uncertain market Open Lending Corporation, an industry trailblazer in auto lending enablement and risk analytics solutions for financial institutions, announced it has increased......
Nations Lending Opens New Branch in Summerville
Lending Mortgage News

Nations Lending Opens New Branch in Minneapolis

Fintech News Desk
by Fintech News Desk0
Company taps Mike Cass to lead first Minnesota branch Nations Lending, a leading full-service national mortgage lender, has announced the opening of its newest branch in Minneapolis, Minnesota. The company has hired industry veteran Mike Cass as Area Sales Manager, where he will be responsible for the continued growth of......
nCino Expands nCino IQ Offerings Through Partnership with Rich Data Co
Lending News

nCino Expands nCino IQ Offerings Through Partnership with Rich Data Co

Fintech News Desk
by Fintech News Desk0
Partnership with AI decisioning platform to provide deeper insight and more confident lending through a single platform nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced a value added reseller agreement with Rich Data Co (RDC), an industry leading artificial intelligence......
B2B Lending News

CFPB Floats Guidance To Protect Mortgage Borrowers

Fintech Staff Writer
by Fintech Staff Writer0
The Consumer Financial Protection Bureau (CFPB) has issued an advisory opinion to protect Americans from double dealing on digital mortgage comparison-shopping platforms. Companies operating these digital platforms appear to shoppers as if they provide objective lender comparisons, but may illegally refer people to only those lenders paying referral fees. When......
Lending Markets News Technology

Archimedes Prepares Launch Of Its Innovative Lending And Borrowing Marketplace Providing Top of Market APY

Fintech News Desk
by Fintech News Desk0
Archimedes Finance is soon launching its new, unique overcollateralized lending and borrowing marketplace on Ethereum mainnet, shortly after announcing its $4.9M in seed fundraise led by Hack VC. Archimedes will be launching its Liquidity pool on Curve on February 14 and its Leverage Engine on February 20. The Archimedes protocol attracts......
OppFi’s Lending Platform OppLoans Launches Same-Day Funding Service
Fintech Funding Lending News

OppFi’s Lending Platform OppLoans Launches Same-Day Funding Service

Fintech News Desk
by Fintech News Desk0
OppFi surpasses 1 million unique customer milestone in its history and expands social impact relationships to support customers with additional financial resources and education OppFi Inc. a mission-driven fintech platform that helps everyday Americans gain access to credit with digital specialty finance products, announced the launch of a same-day funding service......
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