Unison has reported new funding that brings its total capital raised to $300 million also announcing new leadership appointments; the new capital will help the company continue its focus on providing more affordable home ownership for US consumers; the funding round included Ron Suber of Prosper Marketplace who will also join the firm as a strategic advisor; the firm has recently added several new executives focused on sales and marketing. Source
Online real estate investing marketplace RealtyMogul has announced it will now allow self-directed IRA investment through its MogulREIT I; provides the benefit of passive investment income through a retirement account; MogulREIT I will also now allow for automated dividend reinvestment which can help add to compounding returns for IRA accounts; the product has also announced the inclusion of two new property investments located in San Antonio, Texas and West Chester, Pennsylvania. Source
Professional Bank Services and Austin Associates have merged to form ProBank Austin with offices now in Louisville, KY, Nashville, TN and Toledo, OH; Professional Bank Services specializes in a range of risk management services for community banks including compliance, safety and soundness, audit and management consulting, as well as M&A advisory, also offering education and training to financial institutions, state banking associations and government agencies; Austin Associates provides consulting and investment banking services including M&A advisory, a variety of strategic planning services for stress testing and profitability analysis, and technology software solutions including the firm's LoanPricingPro software; the combination of the two firms will create one of the nation's most robust community bank consulting and investment banking firms. Source
LoanPaymentPro will be exhibiting at LendIt USA 2017; at the event the firm will be launching an advanced form of its Zero-Dollar Authorization (ZDA) technology; the ZDA technology provides lenders with a system for bankcard validation and account verification; through use of ZDA technology lenders can significantly lower their risk of fraud and defaults. Source
LendingOne has launched a lending system for fix and flip lenders in the real estate industry; according to the firm's press release, the platform provides originators with advanced technology to streamline all aspects of the loan-underwriting, closing and servicing processes; with the launch, private lenders can now utilize the LendingOne system to offer more competitive pricing for borrowers; through the system lenders can also subordinate a portion of fix and flip real estate loans. Source
Aspire Financial Technologies has released new analytics and forecasting features on its Aspire Gateway Platform; the new tools will provide enhanced analytical capabilities for the originators, investors and banks utilizing the platform; clients will now be able to develop complex loan model portfolios with data from Aspire's data partners: Lending Club, Marlette Funding, Prosper and Progressa. Source
Alternative credit bureau, FactorTrust has partnered with Armada in an effort to provide lenders and borrowers with more comprehensive credit underwriting; Armada develops customized software solutions for loan origination and loan management systems; its lending technology solutions will utilize alternative credit data provided by FactorTrust; according to Armada Labs Chairman and Managing Partner Ralph Ayala, "The integration of the two business systems means minimal to no lead time for clients wanting to use alternative credit data in their loan systems, and eliminates any development work on the customer's end, getting them online more quickly." Source
Invoice financing platform IFG has partnered with Apex Analytix to provide Apex's business customers with access to IFG's invoice financing through the Apex Analytix FirstStrike Supplier Portal; Apex works with Global 1000 clients in over 100 countries on six continents; according to Steve Yurko, CEO of Apex Analytix, the partnership will help Apex's customers optimize cash flow and working capital objectives. Source
CredEx has developed a mobile app for loans in China; allows for borrowing of as much as RMB 300,000 (USD 43,000); the firm's business has been built around a focus on five factors including: mobile apps for loans, anytime access to borrowing and repayment, personalized interest rates, mobile internet risk control and uniquely connecting financial institutions with borrowers. Source
ID Analytics introduced the Online Lending Network in October 2016 with the goal of providing greater resources to lenders for mitigating fraud; Online Lending Network members access internetwork supplied data and information from ID Analytics for greater detection of fraudulent loan applications and loan stacking; ID Analytics reports that the network has achieved visibility into 75% of US domestic marketplace lending activity since inception with membership increasing by 50% since its launch. Source