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FinLocker raises $17M in Series B funding round

Housing Wire

The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience. million in pre-seed funding in 2016.

Tools 356
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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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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. Wells Fargo agreed to pay $95.7 The deal will provide $62.8 A settlement with the U.S.

Legal 457
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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.

Valuation 353
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Regulatory costs add nearly $94K to new home prices

Housing Wire

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. Presented by: Rocket Pro TPO. Per the study, 84.5%

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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

Most lenders’ loan origination systems are not designed to do that, for collateral especially. KC: We went shopping for a solution back in 2016. That’s been an area that’s a lot more PDF-based, because you have a PDF-based appraisal, you have a PDF base SSR. Is that now solved?

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Mary Ann Azevedo named Managing Editor of FinLedger

Housing Wire

Aligned with HW Media’s mission of Moving Markets Forward , FinLedger was launched to provide financial services professionals with the knowledge they need to innovate, gain market share and serve clients in a digital world. Launched in August 2020, FinLedger is a fintech-focused media brand designed for financial services professionals.