Post Tagged with: "mortgage"

The Digital Mortgage Market I: Mort (Dead) & Gage (Pledge)

The Digital Mortgage Market I: Mort (Dead) & Gage (Pledge)

by September 14, 2016 at 2:00 am 1 comment

This is Part I of a series looking into the Mortgage Market. The inspiration came from a great conversation that Kevin Simback , Director of Strategy at IBM Lending Solutions, started on the Fintech Genome, MortgageTech – the last frontier for Fintech? A starting list of companies focused on Mortgage.Read More

New Bank of America Video Shows Mobile Mortgage Process

New Bank of America Video Shows Mobile Mortgage Process

by August 2, 2016 at 12:23 pm 0 comments

A new video from Bank of America shows a tool called Home Loan Navigator that allows borrowers to manage the mortgage process via mobile — sort of. It shows a happy couple watching the stages of their loan process on a tablet (spoiler: it’s approved). One part of the videoRead More

Why is Bank of the West Hosting a Hackathon? To ‘Learn, Learn, Learn’

Why is Bank of the West Hosting a Hackathon? To ‘Learn, Learn, Learn’

by May 13, 2016 at 2:34 pm 0 comments

Fear of fintech disruption is still common in banking, but for Bank of the West, “fintech” means opportunity. The San Francisco-based bank is working on deepening its links with Silicon Valley neighbors, and has a hackathon planned for June 17-19 in concert with parent BNP Paribas. “Fintech is already a partnerRead More

Startup Coinshark.io Wants You to Pay Your Mortgage with Bitcoin

Startup Coinshark.io Wants You to Pay Your Mortgage with Bitcoin

by April 3, 2015 at 9:30 am 4 comments

A new startup is looking to innovate in a space that has largely been bypassed by FinTech: mortgages. There has been a great deal of action in the alternative lending space, but outside of student-loan specialist SoFi, most startups have stayed away from home loans. New entrant Coinshark.io is bringing a FinTech focus to mortgageRead More

Planwise Launches Connect to Unite Realtors with Buyers

Planwise Launches Connect to Unite Realtors with Buyers

by January 21, 2015 at 9:50 am 1 comment

PFM provider Planwise has launched a new service called Planwise Connect, Bank Innovation has learned. The new service promises to help real estate agents and mortgage brokers form a tighter relationship with potential buyers. Using the service, real estate professionals can provide buyers with the Planwise affordability calculator, which can be usedRead More

Does Ethos Deal Mean Mortgages Are Hot?

Does Ethos Deal Mean Mortgages Are Hot?

by April 8, 2014 at 1:34 pm 0 comments

We were lamenting the lack of innovation in the mortgage industry — and then two startups pop up. So it goes in the fintech startup bubble. First, startup SoFi recently raised $80 million (yes, you read that number right) and promptly announced that it would start marking mortgages. Then, FenwayRead More

SoFi, Flush With Funds, Plans to Offer Mortgages

SoFi, Flush With Funds, Plans to Offer Mortgages

by April 4, 2014 at 5:59 pm 0 comments

SoFi (Social Finance) just raised $80 million. How will it celebrate? By offering mortgages and personal loans, naturally. The company was founded by Stanford University Graduate School of Business graduates in 2011 to take on student loans. The idea was that students could finance their schooling by borrowing from alumni ofRead More

Crashing Mortgage Margins Beg for More Innovation

Crashing Mortgage Margins Beg for More Innovation

by March 28, 2014 at 2:46 pm 0 comments

Lost amid the waterfall of news this week was the fact that the average profit on mortgages has fallen to their lowest point since the Mortgage Bankers Association started recording the data in 2008. Last quarter, mortgages paid lenders an average profit of $150. It was $743 in the fourthRead More

Mortgage Brokers Put Client Data at Risk

Mortgage Brokers Put Client Data at Risk

by March 4, 2014 at 9:50 am 0 comments

Your private information may not be safe with your own mortgage lender, even a small one, says cybersecurity firm HALOCK Security Labs. The leak may occur when data goes from applicant to lender. Seventy percent of the 63 U.S. mortgage lenders that HALOCK investigated allowed applicants to send private andRead More

Muddied: Mortgage Bankers Should Rethink Their Response to Disasters

Muddied: Mortgage Bankers Should Rethink Their Response to Disasters

by December 3, 2012 at 9:21 am 2 comments

In case you forgot, there was a big hurricane out here in the Northeast last month. I say “forgot” because while Hurricane Sandy might be out of the headlines today, it remains very much an “active” disaster. I was out on Staten Island yesterday delivering meals to people still tryingRead More