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FinLocker raises $17M in Series B funding round

Housing Wire

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted. Since launching in 2016, Maxwell has used technology to streamline and accelerate the mortgage process for more than 300 banks, credit unions and other lenders on its platform.

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FinCEN expands GTOs of all-cash home sales yet again

Housing Wire

For that reason, Treasury is committed to developing a solution to increase the transparency in the domestic real estate market.” FinCEN began issuing GTOs in January 2016 and last announced expansions to its GTOs in April 2023. real estate market to launder money. national security and help protect the integrity of the U.S.

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FinCEN expands GTOs on all-cash real estate transactions

Housing Wire

The GTOs and the $300,000 reporting requirement were established in 2016 by FinCEN and were originally designed to target shell companies purchasing real estate in Manhattan and Miami. We urge stakeholders to provide input to assist us in developing an approach that enhances transparency while minimizing burden on business.”.

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2020 HW Vanguard: Tony Thompson

Housing Wire

Tony Thompson founded the National Association of Minority Mortgage Bankers of America in 2016 with a vision to positively grow, develop and improve the industry by introducing women and minorities to the industry and investing in America’s youth to make them the leaders of tomorrow.

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2020 HW Tech Trendsetter: Paul Akinmade

Housing Wire

Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative. Paul Akinmade, Chief Strategy Officer, CMG Financial. During Akinmade’s tenure, CMG launched HomeFundIt, a digital down payment gifting platform, and enhanced the service with iterations like UpIt.

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Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. When announcing the proposed rule, Vice President Kamala Harris weighed in. ” Another trade group weighed in on the newly proposed rule.

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