Industry Spotlight

LendingQB, a Saas loan origination technology solutions provider, has partnered with the industry advisory firm STRATMOR Group to offer its lenders a tool designed to help them gain the control, visibility and context necessary to manage and improve the borrower experience.

Loan Vision, a robust loan level accounting solution for the mortgage industry, recently expanded its consulting and support teams. The company announced the expansion as it approaches a company high for mortgage banks using its product. 

Noting that elder financial exploitation has been a top concern for credit unions for many years, Ohio’s credit unions joined in the state’s effort to recognize and oppose elder abuse, neglect and financial exploitation on June 25.

Promontory MortgagePath, a mortgage technology and loan fulfillment service provider, recently announced that its Promontory Fulfillment Services (PFS) unit has developed a new online Cost Savings Calculator.

Flagstar Bank will acquire 52 Wells Fargo bank branches throughout the Midwest with approximately $2.3 billion in deposits and $130 million in loans, along with certain related assets, the companies announced Tuesday. The acquisitions will more than double Flagstar’s customer base once finalized.

The purchase includes 33 branches in Indiana, 14 in the Upper Peninsula of Michigan, four in Wisconsin and one in Ohio. 

Read on to learn more details what both companies are saying about the transaction.

Finicity, a real-time financial data aggregation and insights provider, recently signed an agreement to integrate with Blue Sage Solutions, a cloud-based digital mortgage lending platform. Under terms of the agreement, Blue Sage will integrate Finicity’s Verification of Assets (VoA) solution into its multi-channel digital lending platform to accelerate the credit decisioning process for mortgage lenders, according to a press release.

KeyStoneB2B, a fintech provider for the financial services industry, and DocMagic, Inc., a leading provider of compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, today announced a partnership to provide DocMagic’s SmartCLOSE through the KeyStoneB2B platform.

Veros Real Estate Solutions, a leading developer of enterprise risk management, collateral valuation and predictive analytics services, and Accurate Group, a leading provider of technology-driven real estate appraisal, title data and compliance services, recently entered into a partnership that they say will have positive implications for home equity lenders and others in the mortgage industry.

Promontory MortgagePath, a provider of next-generation mortgage technology and loan fulfillment services, recently added three senior-level employees in an effort to expand its relationship management and sales efforts. The new hires will focus on bank relations, technology and outsourced services opportunities, according to a company press release.

Calyx Software, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, recently named David McLeod as its new national sales manager.