article thumbnail

Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point. Founded in 2013, Floify — a subsidiary of Porch Group Inc. — Floify Lender Edition is a counterpart to Broker Edition , which was rolled out in December.

Mortgage 409
article thumbnail

Demand is rising for Connecticut program that pays caregivers living with aging loved ones

Housing Wire

A state-level program in Connecticut that pays caregivers living with loved ones who require special attention, and is designed to facilitate aging in place, is seeing a surge in demand across the state. This is according to reporting by Connecticut Public Radio.

Design 405
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Floify launches lending platform for mortgage brokers

Housing Wire

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc.

Lending 437
article thumbnail

The secondary market comes to the rescue…again

Housing Wire

This unconventional monetary policy is designed to encourage lending and investment, adding money back into the economy and lowering interest rates. To inject some life back into the economy, Bernanke decided to grow the Fed’s balance sheet by purchasing government bonds and mortgage-backed securities, better known as quantitative easing.

Marketing 432
article thumbnail

Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. The deal will provide $62.8 million to the class members, with the remainder going to plaintiffs attorneys.

Legal 466
article thumbnail

CRT protects GSEs, taxpayers from unexpected disasters

Housing Wire

After all, the FHFA reported that since 2013, the GSEs had paid approximately $15 billion in interest and premiums for their CRT coverage while receiving just $50 million in write downs or reimbursements. CRT transactions, on the other hand, are typically designed to cover only unexpected losses. The benefits of CRT are numerous.

Insurance 327
article thumbnail

SimpleNexus secures $108 million in Series B funding round

Housing Wire

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013.