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Fintech

·May. 4, 2022

LendKey reports record revenue growth

Lending as a service fintech LendKey announced record growth in March 2022, surpassing its previous record set in 2018.

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News Roundup Online Lending Real Estate USA

·Mar. 9, 2017

LendingHome Announces New Online Mortgage Product for Consumers

LendingHome will now offer an online mortgage product for consumers; LendingHome was launched in 2014 and has been funding short-term bridge and rental loans for property investors; the platform has funded over $1 billion in loans; features of the product include: an automated process, real time rates, loan guidance and real estate agent connectivity. Source

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News Roundup Real Estate USA

·Dec. 30, 2016

California Lender Providing Holistic Financial Planning with Mortgage Loans

California mortgage lender Opes Advisors is using proprietary software technology to help clients think more holistically about how buying a home fits into their financial plans; the company originates approximately $3 billion in mortgage loans per year and has built technology software that advises clients on comprehensive financial planning; also offering wealth management, the company provides comprehensive advisory services that are unique in the mortgage lending market. Source

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Fintech News Roundup Real Estate USA

·Mar. 23, 2017

Unison Leading the Way for a New Era of Home Ownership Affordability

Lending Times reports on the business model created by Unison to improve the affordability of home ownership in the United States; the firm has developed two main products, a HomeOwner and HomeBuyer product, that are based on an investment model rather than a lending model; as a real estate investor the firm provides capital for borrowers and shares in the gain or loss of the real estate property's value; Unison and other innovative real estate businesses participated in a panel at LendIt USA 2017 titled, "The New Era of Buying & Selling a House" sharing further insight on how fintech innovation is evolving in residential real estate. Source

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News Roundup Online Lending Real Estate USA

·Jan. 26, 2017

Fundrise Seeks Equity Investment from the Crowd

Fundrise has announced a Regulation A investment offering of Rise Companies Corp. which is the parent company of the investment platform Fundrise, LLC; the campaign is currently in a solicitation phase which its website says has generated interest of over $58 million from more than 4,350 users; the investment offering circular was initially filed with the Securities and Exchange Commission on December 29, 2016; some details from the most recent amended offering circular include the following: offering of one million shares of Class B non-voting common stock, offer and sale of the shares is limited to investors who have purchased investments on the Fundrise platform. Source

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Finance

·Nov. 16, 2023

TransUnion report questions FHFA bi-merge shift strategy

Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little benefit.

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Fintech News Roundup Online Lending Real Estate USA

·Apr. 6, 2017

Fundrise Files for a For-Sale Housing eFund

Fundrise plans to offer a new fund that invests in the development of homes for sale in Los Angeles, California; investors in the fund will be investing in a diversified portfolio of real estate properties in development and for sale with the option to buy homes in the portfolio; investors will receive distributions from the fund's operating cash flow which will primarily be generated from the sale of homes in the fund; distributions may also be made from other sources of cash flow including structured equity or debt. Source

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Fintech News Roundup Real Estate USA

·Jan. 8, 2020

Where Does Real Estate Crowdfunding Stand in 2020?

The real estate crowdfunding space has been a mixed bag; a couple of companies have continued to focus solely on...

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Europe News Roundup Online Lending Real Estate

·Mar. 28, 2017

Relendex Receives FCA Authorization

P2P commercial real estate lender Relendex has received authorization from the Financial Conduct Authority; the platform provides secured commercial property loans through its P2P marketplace lending platform and now plans to seek the offering of innovative finance individual savings accounts for its investors; in comments regarding the authorization, Michael Lynn, the firm's founder and chief executive officer said, "FCA full authorization marks a fantastic start to 2017 for the Relendex team and platform which will further encourage and facilitate investment in commercial property from both our UK and foreign investors." Source

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Europe News Roundup Online Lending Real Estate

·Mar. 28, 2017

Saving Stream Merges with Lendy

Saving Stream and Lendy have merged and will now combine operations under the Lendy platform; the platform will focus on property development lending and plans to triple its loan issuance in 2017; Paul Riddell, head of marketing and communications at Lendy had the following comments regarding the merger, "Unifying our lender and borrower brands together under one banner – and on a single online platform – is a step that allows us to streamline our process and make our offering simpler for the entire market." Source

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