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Blend’s Valuation Reaches $1.7B with Series F Funding

August 28, 2020
Yemeng Yang
The “new normal” of remote work and social distancing due to the coronavirus pandemic has contributed to a boom in digital lending platforms — and their values.
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Pandemic Hinders Growth in Home Equity Lending

August 14, 2020
Yemeng Yang
Despite holding sizable equity, homeowners are reluctant to tap it due to concerns tied to the pandemic, according to the MBA.
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Black Knight to Acquire Optimal Blue for $1.8 Billion

July 31, 2020
Brandon Ivey
Data vendor Black Knight plans to combine its Compass Analytics business with Optimal Blue in a newly formed entity, with an emphasis on cross-selling products.
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MISMO Plans to Standardize Mortgage Servicing Transfers

July 31, 2020
Brandon Ivey
The Mortgage Industry Standards Maintenance Organization said it is developing standards to facilitate more efficient servicing transfers. The organization is asking industry participants to join its working group.
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Trade Groups Draft Model Executive Order for eNotarization

July 17, 2020
Brandon Ivey
Several states had online notarization policies for mortgage closings before the pandemic, but more than half of the states have issued orders in recent months — some of them hastily written.
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Quicken’s Big Marketing Spend Boosts Return

July 17, 2020
Brandon Ivey
The parent company of Quicken Loans splurged $905 million on marketing last year, helping the nonbank become the second largest mortgage lender. The firm is now ready to launch an IPO.
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Pandemic-Induced Business Practices Are Here to Stay

July 2, 2020
Brandon Ivey
While some of the adjustments were initially thought to be temporary, lenders are preparing to make some permanent changes.
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CoreLogic Receives Takeover Bid. Antitrust Anyone?

July 2, 2020
Paul Muolo
Bill Foley, the man who made Fidelity Financial into a title insurance giant, has his eyes on mortgage analytics vendor CoreLogic. But will antitrust concerns prevail?
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Servicers’ Call Volumes, Abandonment Rates Drop

June 19, 2020
Maria Volkova
Servicers have amped up their hiring and embraced virtual assistance, lowering average hold time to 1.8 minutes.
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Borrowers Satisfied with Online Closings

June 5, 2020
Brandon Ivey
Though initially wary of the online closing process, borrowers’ satisfaction with their lenders appears to have increased during the pandemic.
Read More
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