Following the financial crisis, the conforming secondary market created new rules for delivering data, starting with the Uniform Mortgage Data Program and the Uniform Collateral Data Portal. The UCDP rolled out in June 2011, soon followed by the Uniform Appraisal Dataset. This fall, Fannie Mae and Freddie Mac will begin testing the next big change: […]
UAD 3.6: How the mortgage industry should prepare Read More »
Blockchain-based credit company Figure Technology Solutions Inc. filed publicly for an initial public offering, joining the rush of crypto-related firms entering the market. The New York City-based company had net income of $29.1 million on revenue of $190.6 million for the six months ending June 30, compared with a net loss of $15.6 million on
Figure files publicly for IPO Read More »
ICE Mortgage Technology is putting off the planned sunset of the Encompass SDK system, according to a memo provided by the company to National Mortgage News. SDK is shorthand for software development kit. It, along with certain other legacy systems, were supposed to go away on Oct. 31. ICE first announced the transition in September
ICE Mortgage Technology pushes SDK sunset to end of 2026 Read More »
As mortgage lenders weigh how to integrate artificial intelligence, technology leaders are juggling the rapid pace of innovation with the need to set realistic expectations. They’re finding that effective adoption depends as much on curiosity, patience and internal collaboration as it does on the tools themselves — and that buy-in from executives, compliance teams and
The mortgage pro’s guide to AI training Read More »
Optimal Blue is undergoing a rebrand, what the company termed as its first major refresh since it was founded in 2002. Since that time, the product and pricing engine provider was first acquired by Black Knight in September 2020; it was sold three years later to Constellation Software in order for Intercontinental Exchange to purchase
Optimal Blue introduces new logo, tag line Read More »
Lending software platform MeridianLink will go back into private hands after announcing Monday it had agreed to terms of an acquisition deal with investment management firm Centerbridge Partners. The deal to reprivatize the Irvine, California-based technology provider is the latest in a wave of mortgage-related mergers and acquisitions this year and also comes as advances
MeridianLink agrees to privatization deal Read More »
A takeaway from Blend Labs’ latest earnings is that, although it’s growing consumer banking broadly, the mortgage operations are the biggest investment theme in the short term, Keefe, Bruyette & Woods said. “The company’s expansion into consumer banking adds a new growth vector that should be synergistic with Blend’s mortgage client roster and positions the
Blend ‘turns corner’ and reduces GAAP losses in 2Q25 Read More »
Intercontinental Exchange touted Encompass wins in the second quarter and revealed coming technology upgrades that it expects to enhance mortgage bond trading in its latest earnings call. The company’s mortgage technology unit reported growth on both a quarterly and annual basis, with operating income coming in at $11 million in the second quarter. Operating margin
ICE plans upgrades to improve mortgage securities trading Read More »
zimmytws – stock.adobe.com With interest in home equity lending on the rise, ICE Mortgage Technology and Figure are rolling out tool enhancements for business customers aimed at expediting originations and attracting customers. Borrowers managing loans via ICE’s MSP servicing platform will be able to quickly apply for new home equity lines of credit and loans,
Tech providers zero in on home equity lending Read More »
Real estate and mortgage intelligence provider Ingenius announced an acquisition and integration of a new recruitment platform aimed at helping retail branch managers into its own data tools. The Pompano Beach, Florida-based technology firm welcomed the deal that combines SIMPL with Ingenius’ data software. Built by longtime mortgage sales leaders Fobby Naghmi and John Perry,
Ingenius acquires loan officer recruitment platform Read More »