Beyond Blend more suppliers could be coming soon such as Roostify, BankVOD, LendSnap and Quovo; FinLocker, Plaid and PointServ are also currently running pilots with Fannie Mae; Only Blend, Finicity and FormFree are approved suppliers while there are more than 40 approved vendors; there are 20 approved vendors of income and employment validation reports, but only DataVerify and Equifax are approved suppliers of these reports. Source
JPMorgan Chase, Wells Fargo and now Ally Bank have all outsourced a part of their home lending process to fintech...
Blend has signed new bank partnership agreements and announced fundraising of $100 million; the firm will partner with Wells Fargo and US Bancorp, providing its mortgage software to help improve the mortgage application process for the two large banks; concurrently, it has also completed a $100 million fundraising round led by Greylock Partners that will increase its value to approximately $500 million and allow it to potentially expand to other lending markets. Source
One of the main advantages that marketplace lenders tout is that technology powered lending takes many of the pain points out...
Lennar Corp. is the largest homebuilder in the United States; they will leverage technology built by Blend to allow their customers to apply for mortgages online and through mobile devices; this will cut down significantly on the time to apply for a mortgage and Lennar hopes it will also help attract millennial buyers. Source
[Editor’s note: This is a guest post from Dmytro Spilka. He is a tech and finance writer based in London....
While the coronavirus is impacting many companies there are a few bright spots for a handful of fintechs; Nigel Morris,...
This year's top financial professionals are from a broad range of businesses; Matt Humphrey, CEO of LendingHome which provides real estate loans for homebuyers and fix and flip investors made the list; LendingHome has originated $1 billion in real estate loans; also on the list is Eugene Marinelli, chief technology officer of mortgage tech company, Blend. Source
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[Editor’s note: This is a guest post from Nima Ghamsari, Chief Executive Officer and Co-Founder of Blend, a Silicon Valley...
Here are the most read news stories from our daily newsletter today: Deadline for the Global Covid-19 Fintech Survey is...