Homeownership platform provider SimpleNexus acquired LBA Ware, a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a first for SimpleNexus and brings together 325 employees in 29 states from the two … Continue readingMore fintech M&A: SimpleNexus acquires LBA Ware
One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. This is up from 30% during the same period a year prior and 2.2 points from a month earlier. The report … Continue readingThere’s no sign of the typical fall slowdown in home buying
Over the last month, two of the biggest housing regulators either changed or were rumored to change leadership. In mid-September, there were talks that the Biden administration would nominate Mike Calhoun, president of the Center for Responsible Lending, as the new FHFA director, and at … Continue readingAre you ready for the new CFPB director?
Recently, Politico ran a story titled, “Democrats Clash Over Aid To First Time Homebuyers,” which laid out the debate over three competing bills with support from various Democrats in both the House and the Senate. The real question is, given the reality that the Build … Continue readingWhich of the competing housing bills will make the cut?
Image courtesy of Roostify Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. The latest tech, coined Roostify Document Intelligence (RDI) Service, will use AI to … Continue readingRoostify launches first of many AI-powered APIs on home lending platform