Tag : Mortgage

Pennymac Selects Vesta to Supercharge Its Mortgage Platform, Setting a New Industry Standard in Origination Technology
Investments Mortgage News

Pennymac Selects Vesta to Supercharge Its Mortgage Platform, Setting a New Industry Standard in Origination Technology

Business Wire
by Business Wire0
PennyMac Financial Services, Inc.(Pennymac) and Vesta Innovations, Inc. (Vesta) announced a strategic partnership to streamline the mortgage application process and enhance the customer experience. Pennymac, a top mortgage lender and servicer, is the first large mortgage client to go live on Vesta’s modern platform, marking a significant industry milestone. As......
TransUnion Analysis Finds Rise in Consumer Payment-to-Income Ratios is a Clear Indicator for Potential Mortgage Delinquency Increases
Digital Payments Mortgage News

TransUnion Analysis Finds Rise in Consumer Payment-to-Income Ratios is a Clear Indicator for Potential Mortgage Delinquency Increases

GlobeNewswire
by GlobeNewswire0
 Serious consumer-level delinquency rates (60+ DPD) for mortgage loans—while still at historically low levels—have gradually risen from 0.89% in Q2 2023 to 1.14% in Q2 2024 and 1.27% in Q2 2025. As mortgage delinquency levels have risen, a new analysis by TransUnion (NYSE: TRU) highlights the direct correlation between payment-to-income (PTI) ratios......
Knock Announces $900 Million in New Lending Capacity Via Inaugural Asset-Backed Securitization
Fintech Lending News

Knock Announces $900 Million in New Lending Capacity Via Inaugural Asset-Backed Securitization

GlobeNewswire
by GlobeNewswire0
Buy Before You Sell pioneer closes inaugural $100 million bond offering; the oversubscribed offering, led by Cantor, will be used to expand the Knock Bridge Loan™ Knock, a real estate technology company that helps lenders and real estate professionals make it easy for homeowners to buy before they sell, announced......
MeridianLink and Jack Henry Expand Strategic Reseller Relationship to Include MeridianLink One Platform Solutions for Community Banks and Credit Unions
Banking Finance News

MeridianLink and Jack Henry Expand Strategic Reseller Relationship to Include MeridianLink One Platform Solutions for Community Banks and Credit Unions

Business Wire
by Business Wire0
Agreement builds on successful 15-year relationship MeridianLink, Inc., a leading provider of lending software platforms for financial institutions, and Jack Henry announced an expansion of their existing relationship to accelerate innovation, deliver best-in-class consumer experiences, and drive successful consumer outcomes for community banks and credit unions throughout the account opening......
Total Mortgage Launches “From Lease to Keys” Program to Help First-Time Home Buyers With Closing Costs
Fintech Mortgage News

Total Mortgage Launches “From Lease to Keys” Program to Help First-Time Home Buyers With Closing Costs

GlobeNewswire
by GlobeNewswire0
Total Mortgage’s Lease to Keys program gives renters in the U.S. up to $2,500 in closing costs to help them buy their first home. Total Mortgage has officially launched its Lease to Keys program nationwide, offering qualifying first-time home buyers up to $2,500 in closing cost assistance. Located in Milford,......
The Bank of Glen Burnie Expands Mortgage Services Through Acquisition of VA Wholesale Mortgage, Inc.
Fintech Mortgage News

The Bank of Glen Burnie Expands Mortgage Services Through Acquisition of VA Wholesale Mortgage

GlobeNewswire
by GlobeNewswire0
Joining forces will expand The Bank of Glen Burnie’s mortgage business line both in products and footprint, and will grow VA Wholesale Mortgage’s reach and strength under The Bank of Glen Burnie name. The Bank of Glen Burnie, a wholly owned subsidiary of Glen Burnie Bancorp, continued its plans for......
Developer's Mortgage Partners with Gateless to Launch Smart Underwrite, Revolutionizing the Mortgage Process for Conforming Loans and FHA
Fintech Mortgage News

Developer’s Mortgage Partners with Gateless to Launch Smart Underwrite, Revolutionizing the Mortgage Process for Conforming Loans and FHA

GlobeNewswire
by GlobeNewswire0
Innovative collaboration enhances underwriting, ensuring faster loan approvals, improved accuracy, and a more transparent experience for homebuyers Gateless, a leading provider of automated underwriting solutions, announced that Developer’s Mortgage, a top residential mortgage lender, has successfully integrated Smart Underwrite to enhance the processing of both conforming and FHA loans. This......
Finastra's Filogix Boosts Gen AI Capabilities to Empower Mortgage Brokers
Fintech Mortgage News

Finastra’s Filogix Boosts Gen AI Capabilities to Empower Mortgage Brokers

PR Newswire
by PR Newswire0
New functions drive time savings and reduce risk of manual error in the Canadian lending process  Finastra, a global leader in financial services software, unveiled new generative AI (Gen AI) capabilities for its Filogix Expert Pro Canadian mortgage software. Part of Finastra’s continued commitment to embracing Gen AI to help......
Vesta Integrates with SettlementOne to Streamline Verifications
Fintech Mortgage News

Vesta Integrates with SettlementOne to Streamline Verifications

EIN Presswire
by EIN Presswire0
Vesta, the next-generation mortgage LOS, is excited to announce its partnership with SettlementOne, a leading provider of credit, data, and verification solutions for the mortgage industry. This native API integration brings SettlementOne’s borrower and property verifications suite directly into Vesta’s modern, task-based LOS, enabling lenders to access real-time, direct-source data with......
Prudent AI Launches First Upfront AUS Built for Non-QM Lending
Lending Mortgage News

Prudent AI Launches First Upfront AUS Built for Non-QM Lending

EIN Presswire
by EIN Presswire0
Prudent AI, a pioneer in AI-driven mortgage technology, announced the launch of the industry’s first Upfront Automated Underwriting System (AUS) purpose-built for the Non-QM lending market. The new system shifts underwriting decisions to the start of the loan lifecycle by using verified borrower data and aligning directly with investor-specific guidelines,......
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