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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 439
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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. In the current environment, a rigid, static technology stack can prove fatal.

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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

Mayopoulos has been a member of the FDIC systemic resolution advisory committee for more than two years and has been a board member at financial services firm LendingClub — the largest online marketplace lender — since 2016. Treasury and introducing new technologies to the housing finance system.

Insurance 384
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How 2020 raised the stakes for the mortgage industry

Housing Wire

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. Quicken Loans started the game with their Rocket Mortgage “Push button, get mortgage” Super Bowl ad in 2016. Lenders immediately began to race to catch up.

Mortgage 402
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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. The agencies intend to tackle two challenges evident during the Covid-years refi boom: higher costs due to appraiser shortages and concerns regarding bias in home valuations.

Valuation 370
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Proptech funding may see big dip in 2020

Housing Wire

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. proptech funding will likely fall this year to its lowest level since 2016, but should rebound in 2021, a new forecast indicates. Anything above $15.5

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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. Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge.