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Tech firm Polly bulks up to help modernize mortgage industry

Housing Wire

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. The post Tech firm Polly bulks up to help modernize mortgage industry appeared first on HousingWire.

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First Community Mortgage selects Blue Sage platform to scale business

Housing Wire

The move allows the lender to have “modernized its mortgage operational processes, boosted productivity and delivered an enhanced borrower experience for its customers,” the company said in a news release. The process to select a new technology partner began for First Community Mortgage (FCM) in mid-2023, the company explained.

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Class Valuation acquires AMC Valuation Connect

Housing Wire

Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect , formerly a subsidiary of mortgage technology company Mortgage Connect LP. Terms of the deal were not disclosed.

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FOA narrows losses, touts dominance of reverse mortgage market

Housing Wire

We are firmly positioned as the leading provider of modern retirement solutions with the potential to reach tens of millions of customers nationwide,” he said. As Graham mentioned, our vision is to make home equity an essential part of a modern, mainstream retirement plan,” Sieffert said. “We’ve

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Clear Capital and ICE Mortgage Technology Expand Partnership to Support Adoption of Modern Appraisal Programs

Clear Capital

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. Clear Capital’s automated status updates keep the lender informed in real-time.

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Lower has a round of layoffs to “weather upcoming rate hikes”

Housing Wire

With the job cuts, Lower has now 1,200 workers across all its businesses, including retail, mortgage as a service, wholesale and its direct-to-consumer arm called Lower.com. Lower claims its platform allows distributed retail partners to connect into its infrastructure to benefit from its streamlined technology.

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How AI and a changing rental market will shape property management in 2024

Housing Wire

These flexible services can attract and retain a modern set of residents who are used to flexible models and digital payment options on their favorite retail sites and online banking platforms. Smart-home technology is another differentiator to explore.