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Polly hires former ICE Mortgage Technology exec as CRO

Housing Wire

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Movement Mortgage , First American Financial and FinVC also joined existing investors 8VC , Khosla Ventures and Fifth Wall.

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Polly teams up with mortgage insurance providers to streamline service

Housing Wire

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . When a quote is selected, the user will receive documentation from the applicable mortgage insurance provider.

Insurance 369
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People Movers: FundingShield, North American Title Company, Valligent Technologies, Garris Horn and Azimuth GRC

Housing Wire

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Before that Yankowski was president and CEO of Executive Title Insurance Services. Valuation technology company Valligent Technologies has named Walter Allen as its executive vice president of digital transformation.

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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company.

Mortgage 444
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. To put a sense of scale on that, insurance capital is about $8 trillion, and about half of that goes into the bond world.”

Finance 432
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How to gain a competitive edge through in-house servicing

Housing Wire

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. Late fees and commissions on optional insurance can also increase revenue.

Investors 381
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Verification solutions provider Xactus acquires MassiveCert

Housing Wire

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. “The Presented by: ServiceLink.

Insurance 363