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Emerging Trends in Commercial Lending: A New Era of Opportunities Explore the latest trends in commercial lending, focusing on technology-driven solutions and the rise of sustainable finance. Learn about new opportunities for businesses and lenders.
Lending (1572)
In Brief: Flagstar Completes Acquisition, and More
Flagstar Completes Acquisition Flagstar Bank has acquired 52 branches of Wells Fargo Bank in four Midwest states, including approximately $2 billion in deposits, along with certain related assets. The acquisition of these branches had been already been announced. "We are excited to welcome the customers and employees of the 52 Wells Fargo Bank branches who… Read more...
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Cornerstone Licenses Doc Solution
Cornerstone Financial Credit Union has licensed a platform that will enable it to gain greater control and security over lending documents shared with its members. It will deploy Sharebase from Hyland, with the objective of providing members secure access to loan-related documents and packages. Due to regulations, lenders have been required to collect more documents… Read more...
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Freddie Pilots Financing for Manufactured Homes
Freddie Mac has begun a two-year manufactured housing pilot designed to increase the number of affordable homes and provide lenders with innovative financing options. “Currently there are more than 22 million families living in factory-built housing, and with that number expected to grow, there’s an opportunity for factory-built homes to address the housing supply shortage… Read more...
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Guaranteed Rate Expands Aloha State Footprint with Acquisition
Guaranteed Rate Inc. will acquire Honolulu HomeLoans and Hawaii Lending Alliance, increasing its presence in the Hawaii market and adding an experienced team of mortgage professionals. Also, Guaranteed Rate will license new branch locations in downtown Honolulu and in other locations as well as maintain its existing branch locations in Honolulu and Aiea. “Hawaii is… Read more...
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First American, Old Republic Bring Blockchain to Title Insurance
First American Financial Corp. has launched a shared blockchain system and Old Republic Title Insurance Group is the first participant. The technology was developed to increase efficiency, reduce risk and improve the title production process. Each policy will be coded with a unique identifier by property, streamlining the search process and increasing the accuracy of… Read more...
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MBA: Net Gain Per Loan Drops
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $480 on each loan they originated in the third quarter of 2018, down from a reported gain of $580 per loan in the second quarter, according to the Quarterly Mortgage Bankers Performance Report from the Mortgage Bankers Association. “These are very… Read more...
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Borrower Optimism Rises & More News
As the year is coming to an end, homeowners are more optimistic than ever that their home is worth more than they owe on it, and they expect that value to keep rising through 2019. A new Rasmussen Reports national telephone and online survey finds that 69% of American Homeowners now say the value of… Read more...
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First Financial Implementing New LOS
First Financial of Maryland Federal Credit Union is implementing CU Direct's Lending 360 account and loan origination system. It provides credit unions with a single platform that automates loan application processing activity across all consumer lending channels. "Through our [request for proposal] process, we reviewed four major industry providers, with our primary objectives being to… Read more...
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Corelogic: California’s Wildfire Cost Estimated $15B-$19B
Corelogic estimates that residential and commercial losses from the recent catastrophic wildfires in California are between $15 billion to $19 billion. According to the analysis, losses from the Camp Fire, the most destructive wildfire in the state’s history, are estimated to be between $11 billion and $13 billion. In addition, losses from the Woolsey Fire… Read more...
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Black Knight Execs to Lead D&B
Two senior Black Knight executives with will be placed in leadership positions at D&B, once the planned acquisition of the company is completed by the end of the first quarter. William Foley II , executive chairman of the board at Black Knight, will serve in the same role for D&B. Anthony Jabbour will be CEO… Read more...
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