Industry Spotlight

Total Expert, a fintech software company serving lenders and bankers, recently announced that it has raised $20 million in Series B funding for its marketing operating system (MOS) software. The round of fundraising was led by Emergence Capital, with participation from Rally Ventures and Arthur Ventures, bringing Total Expert’s total funding to $34 million.

Navy Federal Credit Union was named a leader in four of six categories on Javelin’s 2018 online banking scorecard, highlighting a range of features and functionality.

Plaza Home Mortgage, Inc., a national wholesale and correspondent lender, recently launched a VA Renovation Loan Program designed to will help veterans buy and renovate homes. Doing so has become increasingly popular, given the high home costs and low inventory of the current housing market.

McKissock Learning, a national provider of online education for licensed appraisers, recently launched its new Banking Suite, which provides innovative online education for banking and lending professionals.

Cloudvirga, a provider of digital mortgage software, announced the deployment of its Cloudvirga Enterprise POS to all 100 branch locations of American Financial Network (AFN), a privately held mortgage company that employs over 750 loan officers and serves tens of thousands of customers nationwide. AFN funded over $5 billion in loans in 2017 and is one of the fastest-growing mortgage lenders in the U.S.

The American Bankers Association recently endorsed a comprehensive mortgage fulfillment solution, developed by Promontory Fulfillment Services (PFS), marketed to community banks nationwide. PFS, a unit of Promontory MortgagePath, designed its white-label mortgage fulfillment services to give banks new and better options in terms of cost, compliance and customer experience, according to a press release.

Velocity Solutions, which provides revenue enhancement solutions to regional and community financial institutions, recently acquired CourtesyCloud’s CourtesyConnect/CourtesyLimit automated overdraft management system. CourtesyCloud is owned by BSG Financial Group.

PromonTech, the technology unit of Promontory MortgagePath, recently integrated its point-of-sale (POS) solution, Borrower Wallet, with FormFree’s automated asset verification service, AccountChek.

Cloudvirga, a digital mortgage point-of-sale (POS) software provider, recently announced that Finance of America Mortgage (FAM) will deploy the Cloudvirga Enterprise POS as its digital mortgage platform.

Gateway Mortgage Group, a full-service mortgage company founded by Kevin Stitt, for the sixth straight year was ranked among America’s 5,000 fastest-growing privately-held companies as part of the 2018 Inc. 5000. It is the company’s eighth time on the list in its history, which is only true of 2 percent of companies, according to Inc.