mortgage lending

·Dec. 13, 2016

Ally Bank Announces New Online Mortgage Offering

Ally Bank has expanded its banking products to include mortgages and will offer the loans through an online service called Ally Home; the online service offering seeks to meet heightened expectations and shifting market priorities for digital, tech-driven customer experiences; with Ally Home, borrowers will have the option to manage their communication through email and their documentation online through any device; the bank also says it has partnered with mortgage servicing specialist, LenderLive, to provide fast and efficient service. Source

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News Roundup Online Lending Real Estate USA

·Dec. 9, 2016

LendingHome Reaches $1bn Milestone

LendingHome has reported over $1 billion in mortgage loan originations since it launched two and a half years ago; company is the leading marketplace lending mortgage loan originator in real estate; factors influencing the rapid growth include expansion to jumbo loans and a new investor platform for individuals; active in securitization, it has partnered with Nomura Securities International and developed the industry's first master trust securitization vehicle providing it with ongoing access to the securitization market. Source

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Blog

·Mar. 16, 2016

Innovation Through Partnership: How The Lending Industry Can Meet Its Uber Moment

[Editor’s note: This is a guest post from Nima Ghamsari, Chief Executive Officer and Co-Founder of Blend, a Silicon Valley...

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Europe Finance Fintech News Roundup

·Dec. 13, 2016

FCA Launches Mortgage Market Study on Competition

The Financial Conduct Authority (FCA) has launched a study analyzing the UK's mortgage industry; study will focus on the industry's tools for consumers and the partnerships among mortgage lenders; the FCA will specifically seek to identify ways to better utilize technological solutions within the industry; the FCA will be obtaining information from a range of market participants and plans to release the results of the study in an interim report in 2017 followed by a comment period and final report in 2018. Source

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Asia/Pac News Roundup Online Lending

·Nov. 21, 2016

Southern Cross Financial Opening as a P2P Lender on December 1

Southern Cross Financial is seeking to take advantage of New Zealand's expanding real estate supply with challenges in traditional mortgage lending; on December 1, the firm will become a P2P mortgage lender, evolving from a mortgage brokerage business; the firm has been arranging loans between alternative credit consumers and approximately 150 investors as a mortgage broker; the new P2P structure will provide a more standardized process for borrowers and investors. Source

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Fintech One-on-One Podcast Podcasts

·Aug. 17, 2015

Podcast 44: James Herbert of LendingHome

In the latest episode of the Lend Academy Podcast I interview James Herbert, the President and co-founder of LendingHome. We talk about how they have been able to scale so quickly, their goals for the business and where he sees the industry going.

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