Search Results for: loan origination

New York Community Bancorp, INC. Announces $28 Billion Community Benefits Agreement With NCRC
Banking Investment Services News

New York Community Bancorp, INC. Announces $28 Billion Community Benefits Agreement With NCRC

Fintech News Desk
by Fintech News Desk0
New York Community Bancorp, Inc.(the “Company” or “NYCB”) and the National Community Reinvestment Coalition (“NCRC”) announced the Company’s commitment to provide $28 billion in loans, investments, and other financial support to communities and people of color, low- and moderate-income (“LMI”) families and communities, and small businesses. Latest Fintech Insights: BlockFi Selects Bermuda......
CIVIC Financial Services’ Quarterly Mortgage Production Soars as Mortgage Industry Volume Slumps
Mortgage News

CIVIC Financial Services’ Quarterly Mortgage Production Soars as Mortgage Industry Volume Slumps

Fintech News Desk
by Fintech News Desk0
Industry forecast has 30% Q4 drop for U.S. originations while non-agency lender soars 60% While originations for the overall mortgage sector declined during the fourth quarter of 2021, CIVIC Financial Services, a leading institutional private money lender providing financing to real estate investors, reported its mortgage production shot up nearly 60%......
MainStreet Bancshares, Inc. Reports Another Record Year
Banking Fintech News

MainStreet Bancshares, Inc. Reports Another Record Year

Fintech News Desk
by Fintech News Desk0
Bank Nets $22.2 Million and Improves Net Interest Margin MainStreet Bancshares, Inc. , the holding company for MainStreet Bank, reported record net income of $22.2 million for 2021.  Year-end results represent: 12.38% return on average equity 1.32% return on average assets $2.65 per share of common stock (basic and diluted) $20.94 per common......
Buy Now Pay Later (BNPL): What Consumers Need to Know
Commerce Featured Guest Posts Mortgage

Buy Now Pay Later (BNPL): What Consumers Need to Know

Garry Ottosen
by Garry Ottosen0
Buy Now Pay Later (BNPL) loans are popular right now for both consumers and lenders. But are they a good deal for consumers and a gravy train for investors? BNPL loans are most often point-of-sale term loans that permit a borrower to purchase something now, avoid monthly payments for a......
Tavant Launches VΞLOX NXT to Amplify Customer-Centricity and Transform Borrower Experiences
Lending Mortgage News

Tavant Launches VΞLOX NXT to Amplify Customer-Centricity and Transform Borrower Experiences

Fintech News Desk
by Fintech News Desk0
Next-generation digital lending platform combines dynamic user interfaces, advanced consumer behavior tracking, and customer segmentation to hyper-personalized borrower experiences Tavant, Silicon Valley’s leading digital lending solutions provider, launched VΞLOX NXT, the latest and most advanced edition of its AI-based digital lending platform. The fully re-architected solution combines the proven back-end......
Horizon Technology Finance Provides Fourth Quarter 2021 Portfolio Update
Capital Markets Finance News Technology

Horizon Technology Finance Provides Fourth Quarter 2021 Portfolio Update

Fintech News Desk
by Fintech News Desk0
-Horizon Platform Originates $118 Million of New Loans in Q4, Including $80 Million of New Loans for HRZN – -HRZN Grows Loan Portfolio by $109 Million in 2021 – -Horizon Platform Ends 2021 with Committed Backlog of $153 Million, Including $125 Million in HRZN Commitments  Horizon Technology Finance Corporation a......
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......
CRE Veteran Wayne Potters Joins Lev as Managing Director to Launch First-of-its-Kind Digital CMBS Platform
Lending News

CRE Veteran Wayne Potters Joins Lev as Managing Director to Launch First-of-its-Kind Digital CMBS Platform

Fintech News Desk
by Fintech News Desk0
Potters, who built the CMBS business at SocGen, will offer invaluable guidance as Lev rewires the CRE lending experience for the better Lev, the commercial real estate (CRE) financing platform known for its online commercial mortgage origination API and digital loan closing technology, announced the hiring of Wayne Potters as Managing......
Fraud Costs and Volumes Remain Significantly Higher Than Pre-Pandemic For Financial Services and Lending Firms, According to New LexisNexis Risk Solutions Report
Fintech Lending Mortgage News

Fraud Costs and Volumes Remain Significantly Higher Than Pre-Pandemic For Financial Services and Lending Firms, According to New LexisNexis Risk Solutions Report

Fintech News Desk
by Fintech News Desk0
Annual True Cost of Fraud Study Examines Current Fraud Trends and Opportunities for U.S. and Canadian Financial Institutions LexisNexis Risk Solutions released the 2021 edition of the LexisNexis True Cost of Fraud Study: Financial Services & Lending, the 5th edition of the report. The study examines fraud trends for the......
Michael Edelman Named President of M&T Realty Capital Corporation
Banking Capital Markets News

Michael Edelman Named President of M&T Realty Capital Corporation

Fintech News Desk
by Fintech News Desk0
In an expansion of its current leadership team, M&T Realty Capital Corporation (M&T RCC) today announced that Michael Edelman, previously Group Vice President, has been named President of the organization. In this new role, Edelman will report directly to M&T RCC CEO, Michael Berman, and will be responsible for external customer and......
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