Infosys, a global leader in digital services and consulting, has announced a collaboration with Better Home & Finance Holding Company to launch Mortgage as a Service (MaaS), a comprehensive digital mortgage platform. This white-labelled service is designed to transform mortgage operations through an integrated, end-to-end digital approach. Revolutionizing Mortgage Operations with Advanced Technology The Infosys-Better […]
In a significant step towards streamlining regulatory compliance and risk management in the mortgage industry, mortgage underwriting software provider, FundMore, has teamed up with Indian digital services firm, Coforge (formerly NIIT Technologies). The alliance aims to develop a cutting-edge platform to automate quality control (QC), addressing the industry’s heightened need for efficient and accurate loan […]
Ready Capital Corporation, a real estate finance firm, and Broadmark Realty Capital, a specialty real estate finance company, have agreed to merge their businesses in an all-stock transaction. The proposed merger is expected to result in the fourth-largest commercial mortgage real estate investment trust (REIT) with a capital base of $2.8 billion. Post-merger, the combined […]
US-based Mutual of Omaha Mortgage has announced the acquisition of the assets of Keller Mortgage, an Ohio-based mortgage lender, and a member of the Keller Williams (KW) family of companies, for an undisclosed price. The subsidiary of Mutual of Omaha will be operating Keller Mortgage alongside its existing forward and reverse mortgage units. Terry Connealy […]
Fidelity National Financial (FNF) has signed an all-cash deal worth $225 million to acquire TitlePoint from Black Knight, a US-based software, data and analytics company. TitlePoint facilitates searches for detailed information on properties, images of maps and documents from a number of counties in the US. The company helps title agents, title insurance underwriters, and […]
Aegon has agreed to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination businesses to ASR Nederland (a.s.r or ASR), a Netherlands-based insurance group, in a deal worth $4.9 billion. The sale proceeds for the Dutch insurance giant will include $2.52 billion in cash and a 29.99% stake in ASR. The transaction […]
Veros Software, the owner of enterprise risk management and collateral valuation services provider Veros Real Estate Solutions, has acquired Valligent, a home appraisal management company based in California. The financial terms of the deal were not disclosed. Valligent, which is headed by Jeff Wickham and Jeremy McCarty, provides conventional, alternative, and appraisal underwriting services. Established […]
AIB Group plc said that its subsidiary Allied Irish Banks has signed a binding agreement with NatWest Group and Ulster Bank Ireland DAC for acquiring a €6 billion performing Ulster Bank tracker mortgage portfolio. According to AIB Group, Allied Irish Banks will buy the portfolio consisting of nearly 47,000 Ulster Bank customers for €5.4 billion. […]
StoicLane, a Chicago-based long-term growth platform, has acquired Triserv Appraisal Management Solutions, an appraisal management company that caters to banks, credit unions, and mortgage bankers across the US with its appraisal and evaluation solutions. The financial terms of the deal were not disclosed. StoicLane will provide Triserv Appraisal Management Solutions with capital, operational expertise, and […]
Indiabulls Housing Finance (IBH), an Indian home financing company, has entered into a co-lending partnership with HDFC to provide housing loans to homebuyers at competitive rates. Under the terms of the partnership, Indiabulls Housing Finance will originate retail home loans as per jointly drawn up credit policy. The Gurugram-based mortgage lender will retain 20% of […]
