Search Results for: auto lending

FormFree’s AccountChek Joins Forces With Freddie Mac for Industry’s First Automated Assessment of Direct Deposit Income
Mortgage News

FormFree’s AccountChek Joins Forces With Freddie Mac for Industry’s First Automated Assessment of Direct Deposit Income

Fintech News Desk
by Fintech News Desk0
FormFree announced that its AccountChek digital asset verification service will support a first-of-its-kind solution from Freddie Mac that allows mortgage lenders to assess a prospective homebuyer’s income using direct deposit data. Available to mortgage lenders nationwide, Freddie Mac’s Loan Product Advisor® (LPASM) asset and income modeler (AIM) solution fulfills mortgage verification of assets (VOA) and......
Open Lending Announces Extension Of Agreement With AmTrust
Lending News

Open Lending Announces Extension Of Agreement With AmTrust

Fintech News Desk
by Fintech News Desk0
Open Lending Corporation (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, announced a five-year extension of its Producer Agreement with AmTrust North America, Inc. The agreement was previously set to expire on December 31, 2023 and has now been extended through December 31,......
Litigation Is Driving Up U.S. Commercial Auto Insurance Costs, Study Finds
InsurTech News

Litigation Is Driving Up U.S. Commercial Auto Insurance Costs, Study Finds

Fintech News Desk
by Fintech News Desk0
Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019, according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). Latest Fintech Insights: Allumia Closes Series A2 Financing To Advance Energy Efficiency-as-a-Service Technology Platform The......
Wolters Kluwer and Summit Technology Group Collaborate To Power End-to-end Lending Solution
Lending News Technology

Wolters Kluwer and Summit Technology Group Collaborate To Power End-to-end Lending Solution

Fintech News Desk
by Fintech News Desk0
Product integration helps assure compliant banking disclosures, commercial lending transactions Wolters Kluwer Compliance Solutions and Summit Technology Group (STG), a leading provider of lending solutions to community banks and credit unions, are collaborating to enhance compliant lending documents and workflows for STG customers. Wolters Kluwer is now an exclusive preferred vendor partner,......
SEI Expands Security-Backed Lending Offering with Nationwide Smart Credit, Powered by Supernova Technology
Lending News

SEI Expands Security-Backed Lending Offering with Nationwide Smart Credit, Powered by Supernova Technology

Fintech News Desk
by Fintech News Desk0
Strategic Partnership Positions Advisors to Continue to Deliver Holistic Wealth Planning SEI announced a strategic partnership with Supernova Technology (Supernova), adding Nationwide Smart Credit to the nearly 50 technology integrations and strategic partnerships available to independent advisors through the SEI Wealth Platform. Latest Fintech Insights: Morningstar Launches Wealth Management Solutions Group To Connect Capabilities......
FNBC Bank & Trust Makes Business Banking Easy With New Digital Lending Capabilities
Banking Business News

FNBC Bank & Trust Makes Business Banking Easy With New Digital Lending Capabilities

Fintech News Desk
by Fintech News Desk0
Following their success with PPP, the community bank is expanding its use of Numerated to bring additional convenience and efficiency to their full suite of business banking products. FNBC Bank & Trust, a $650 million locally owned and locally managed community bank serving the Chicago metropolitan area, is making business......
Percent Acquires Data-Powered Lending Solution From Midcap Financial To Further Disrupt Private Credit Markets
Capital Markets Lending News

Percent Acquires Data-Powered Lending Solution From Midcap Financial To Further Disrupt Private Credit Markets

Fintech News Desk
by Fintech News Desk0
Built With Institutions in Mind, Revolutionary, AI-Driven Optimization and Surveillance Tool to Offer Fintech Lenders on Percent’s Platform Efficiency in Management and Monitoring of Risk Percent, the capital markets platform transforming the multi-trillion-dollar lending industry, announces the acquisition of proprietary portfolio surveillance and risk management technology from MidCap Financial, a......
Ascend Raises $30m Series A And Secures $250m Lending Commitment To Boost Modern Insurance Payment Offerings
Finance InsurTech Lending News

Ascend Raises $30m Series A And Secures $250M Lending Commitment To Boost Modern Insurance Payment Offerings

Fintech News Desk
by Fintech News Desk0
Ascend, the first modern insurance payments platform, announced that they have raised a $30M Series A in equity funding, bringing the total funding raised to $39M along with a $250M lending commitment to finance insurance premium loans through its platform facilitated by Hudson Structured Capital Management Ltd. – doing its re/insurance business as HSCM Bermuda......
Penfed Credit Union Announces Record Annual Mortgage and Consumer Lending Volume for 2021
Lending Mortgage News

Penfed Credit Union Announces Record Annual Mortgage and Consumer Lending Volume for 2021

Fintech News Desk
by Fintech News Desk0
America’s Second-Largest Federal Credit Union Funds a Record $31 Billion in Mortgages and Consumer Loans during 2021 PenFed Credit Union, the nation’s second-largest federal credit union, released financials highlighting another record year in the institution’s 87-year history. In the fourth quarter of 2021, PenFed originated a record $6.3 billion in mortgage......
Resource Financial Builds on Ocrolus to Automate Residential Mortgage Processing
Mortgage News

Resource Financial Builds on Ocrolus to Automate Residential Mortgage Processing

Fintech News Desk
by Fintech News Desk0
Independent Mortgage Bank offers a completely digital mortgage origination process to residential customers in the Southeast United States Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, and Resource Financial Services, a leading independent mortgage banker serving the Southeastern United States, announced a technology partnership to further......
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