Apply Online
Schedule a Call

Fintech

Flourish launches mortgage platform to help RIAs retain assets

Flourish launches mortgage platform to help RIAs retain assets

Cash, Fintech, Industry News, Mortgage brokers, RIAs, Technology, Wealth management /

On Tuesday, advisor tech provider Flourish launched a residential mortgage platform aimed at helping RIAs prevent asset outflows to banks and wirehouses during home financing decisions.  Processing Content The new offering, Flourish Lending, is available to more than 1,100 RIA firms on the platform and supports refinancing, cash-out refinancing and new home purchase loans of […]

Flourish launches mortgage platform to help RIAs retain assets Read More »

Data breach hits 1 million Figure customers

Consumer lending, Cyber security, Data security, Fintech, Identity theft, Technology /

Key insight: Attackers are bypassing technical security by impersonating IT staff and tricking employees into handing over credentials. What’s at stake: The leak hits Figure during a critical financial window, coinciding with the pricing and upsizing of a secondary stock offering. Supporting data: The breach exposes approximately 967,000 unique email addresses, along with names, physical

Data breach hits 1 million Figure customers Read More »

Fairway partners on card that boosts homeownership savings

Credit cards, Fintech, Loyalty and rewards, Marketing, Servicing /

Fairway Home Mortgage is partnering with Made Card to offer a credit card which will provide points for making their normal monthly loan payments and for purchases of home products and services. Borrowers do not need to use the Made for Home, formally the Made Essential Visa Signature Preferred Card, making their on-time mortgage payment

Fairway partners on card that boosts homeownership savings Read More »

Cloudflare disruption hit SoFi, Varo, other banks

Cloud computing, Cloud hosting, Cyber security, Digital banking, Fintech, Technology, Treasury Department /

Supporting data: Cloudflare dominates the “internet plumbing” sector with an estimated 82% market share for reverse proxy services, meaning a single glitch can ripple through global commerce. What’s at stake: The disruption reignites concerns detailed by the Treasury Department regarding the financial sector’s dangerous over-reliance on a small concentration of cloud service providers. Forward look:

Cloudflare disruption hit SoFi, Varo, other banks Read More »

Figure posts huge HELOC volume in strong earnings debut

Earnings, Fintech, LOAN PRODUCTS, Originations /

Figure Technology Solutions posted a strong quarter in its first public earnings report, including $2.4 billion in home equity line of credit lending.  The fintech, which went public in September, recorded $89.8 million in net income for the third quarter, exceeding a Standard & Poor’s consensus estimate of $35 million. That also surpassed its $27.4

Figure posts huge HELOC volume in strong earnings debut Read More »

Robinhood, Sage Home Loans enter lending partnership

Fintech, Industry News, LOAN PRODUCTS, Mortgage technology, Originations, Technology /

National direct-to-consumer lender Sage Home Loans is entering into a partnership with leading retail securities trading fintech Robinhood to provide discounted mortgage options to the latter platform’s select users. Through an exclusive agreement, Robinhood’s gold-tier subscribers will be able to apply for mortgage loans through the digital platform’s app or website and take advantage of

Robinhood, Sage Home Loans enter lending partnership Read More »

Bilt to let members earn housing rewards through Venmo

Fintech, Industry News, Mortgage technology, Technology /

Housing rewards platform Bilt Technologies will partner with Venmo, adding the app to its existing payment methods that can help consumers earn points toward homeownership.  Beginning next year, Bilt members will have the opportunity to connect their accounts to Venmo, with the new option offering another way to earn points from rental and mortgage payments,

Bilt to let members earn housing rewards through Venmo Read More »

Evolve Bank CEO arrested on charges of child exploitation

Fintech, Technology /

Bob Hartheimer, Evolve Bank and Trust’s new CEO, has been arrested on charges of sexual exploitation of a minor and distribution of obscene material, according to Shelby County records. He was escorted out of the bank’s East Memphis, Tennessee, headquarters by FBI agents on Thursday morning and is scheduled to appear in federal court on

Evolve Bank CEO arrested on charges of child exploitation Read More »

Mortgage industry groups announce new tech sprint

Fintech, Mortgage technology, Regulation and compliance, Technology /

A new tech showcase is in the works that aims to provide guidance and clarity to the mortgage industry as it tries to uniformly address shared residential lending compliance issues.  A cooperative effort between the Conference of State Bank Supervisors and the Mortgage Industry Standards Maintenance Organization, the tech sprint will kick off with a

Mortgage industry groups announce new tech sprint Read More »

Navy Federal, Truist, Chime among victims of AWS outage

Amazon Web Services, Cloud computing, Fintech, Technology /

Key insight: A failure in an AWS internal subsystem in its northern Virginia region caused widespread errors and latencies across the internet on Monday. What’s at stake: The outage disrupted services at banks and fintechs like Navy Federal, Truist and Chime, reminding the sector of its concentration risk. Expert quote: “When AWS sneezes, half the

Navy Federal, Truist, Chime among victims of AWS outage Read More »