Tag : Loan

Candor Technology Enhances Pre-Close Underwriting Efficiency and Helps Lenders and Investors Quickly Review Portfolios and Reduce Buybacks
Lending Mortgage News

Candor Technology Enhances Pre-Close Underwriting Efficiency and Helps Lenders and Investors Quickly Review Portfolios and Reduce Buybacks

PR Newswire
by PR Newswire0
Recent study of more than 500k funded loans revealed zero repurchases Candor Technology, Inc., a leading provider of automated underwriting technology and other technology-enabled solutions for the mortgage industry, announced it has completed a study of more than 500,000 funded loans and zero had repurchases. Thirteen repurchase claims were defended because the......
Cost of Living in the U.S. Grows 4% Year over Year as Consumers Now Spend Nearly $26k Annually on Essential Household Bills
Finance Fintech News

Cost of Living in the U.S. Grows 4% Year over Year as Consumers Now Spend Nearly $26k Annually on Essential Household Bills

Business Wire
by Business Wire0
The report found that the average U.S. household spends $25,513 per year, or 34% of income on the ten most essential household bills, and also breaks out the household spending market size for each of these bill categories, percentage of households that pay each bill, and average monthly and annual......
Nav Introduces "Next Best Option" to Help SMBs That Are Declined for Funding
Fintech Funding News

Nav Introduces “Next Best Option” to Help SMBs That Are Declined for Funding

PR Newswire
by PR Newswire0
New services designed to create more transparency and direction for small businesses seeking financing. Nav, the leading financial health platform for small businesses, announces a series of customer experience enhancements including the “next best option” service, designed to create more transparency and direction for small businesses seeking financing. Small businesses......
Home Capital Announces Receipt of Final Regulatory Approvals and Expected Closing Date for Acquisition by Smith Financial Corporation
Fintech Lending News

Home Capital Announces Receipt of Final Regulatory Approvals and Expected Closing Date for Acquisition by Smith Financial Corporation

Business Wire
by Business Wire0
Home Capital Group is pleased to announce that the required regulatory approvals under the Bank Act (Canada) and Trust and Loan Companies Act (Canada) have been granted by the Federal Minister of Finance in respect of the previously announced acquisition of Home Capital by a wholly owned subsidiary of Smith Financial Corporation (“SFC”)......
Forbright Bank Finances $6.4 Million Affordable Housing Project in Massachusetts
Finance Lending News

Forbright Bank Finances $6.4 Million Affordable Housing Project in Massachusetts

Business Wire
by Business Wire0
Financing from Forbright was provided under the U.S. Department of Housing and Urban Development’s Multifamily Acquisition and Refinancing program (223f) Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable economy, utilized its newly established Housing and Urban Development (HUD) Lending platform to provide a $6.4 million......
CareTrust REIT Funds Mortgage Financing on Southeast SNFs; 96% of Year-to-Date $215.4 Million Investments Funded with Equity
Lending Mortgage News

CareTrust REIT Funds Mortgage Financing on Southeast SNFs; 96% of Year-to-Date $215.4 Million Investments Funded with Equity

Business Wire
by Business Wire0
CareTrust REIT, announced that it has funded a $15.7 million mortgage loan on a 2-asset, 115-bed skilled nursing portfolio located in the State of Florida. The borrowers under the loan are affiliates of Elevation Group, LLC, a Florida-based skilled nursing operator led by industry veterans Ken and Dan Funk. Elevation......
Union Credit Launches Marketplace of Trusted Credit Union Lenders
Fintech News

Union Credit Launches Marketplace of Trusted Credit Union Lenders

Fintech News Desk
by Fintech News Desk0
Mission focused Fintech takes on challenge of bringing the next generation of membership to credit unions and offering consumers more equitable choices Union Credit launched the first marketplace for credit unions to make firm, one-click credit offers at the point of purchase. Latest Fintech Interview: Global Fintech Interview with Paul Monk,......
What Is Microloan Management Software: How To Choose One For Your Needs
Featured Finance Fintech Primers Technology

What Is Microloan Management Software: How To Choose One For Your Needs

Pooja Choudhary
by Pooja Choudhary0
What is loan management software? Loan software automates and administers the loan lifecycle from origination to servicing. It is often referred to as LMS or lending software. The range of loan software comprises account processing, credit scoring, and loan restructuring and disbursement. While an effective loan management system can be......
B2B Business Digital News

Biz2Credit Sees Growth In Business Loan Approval Rates At Non-Bank Lenders

Fintech Staff Writer
by Fintech Staff Writer0
Small business loan approval rates at credit unions continue to drop. In January, credit unions approved 20.1% of loan requests, down one-tenth of a percentage from December. Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the......
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