Startups and Innovation

4+ hour, 41+ min ago   (764+ words) Seven leading UK secured loan brokers were compared on lender access, fees, and customer support KIS Finance ranks first for its combination of speed, transparency, and broad lender coverage Loan amounts and eligibility vary widely between brokers, especially for adverse…...

7+ hour, 23+ min ago   (654+ words) REMIC CEO shares tips ahead of eagerly anticipated MortgageFest appearance Canadians are increasingly using artificial intelligence (AI) to parse their options before they pick up the phone to call a broker – and that’s a development mortgage professionals need to factor…...

18+ hour, 46+ min ago   (1360+ words) Richard A. Weidel III argues mortgage lending cost reduction starts with transparency and accountability, not software. He cites Princeton Mortgage results, including non-sales cost per funded loan falling to $2,971 and cycle time improving from 17 days to 10 days. AI Summary A few…...

9+ hour, 49+ min ago   (568+ words) Company founded by former Goldman Sachs bankers and which appeared on Dragons’ Den recently plots further growth Sprive, an AI-driven consumer FinTech app, has closed a £7.7 million Series A funding round. The company, which was founded in 2019 by former Goldman…...

1+ day, 31+ min ago   (461+ words) Consumers appear comfortable with artificial intelligence helping them with various aspects of the homebuying process, according to a survey from Lower, a mortgage lender and financial technology company. Lower surveyed 1,000 consumers across the U.S. about their attitudes toward the use of…...

17+ hour, 25+ min ago   (268+ words) The next wave of technology solutions for lenders is using artificial intelligence to significantly speed up workflows and supercharge loan officers' capacities. Twenty mortgage companies vying for a $10,000 grand prize last week at the Digital Mortgage tech showcase highlighted their…...

18+ hour, 14+ min ago   (1014+ words) Recent capital raises at mortgage fintechs show which technology tools lenders value, and signal that measurable bottom-line results will drive future investor interest. While the latest funding announcements from Kastle and Celligence show that the ease of using today's platforms…...

1+ day, 18+ min ago   (569+ words) Broker and Lender Products, Software, and Services Chrisman Demo Day is a free perk for all Chrisman Marketplace members. If you're a technology or service provider and haven't joined the Marketplace yet, reach out to Jake Perkins at [email protected] to…...

1+ day, 4+ hour ago   (569+ words) Kiavi executive says underwriting variation is one of the biggest things brokers should know As more brokers are adding investor clients to their portfolio, debt service coverage ratio (DSCR) loans are seeing a surge. There is an adjustment for brokers…...

1+ day, 4+ hour ago   (1173+ words) “MSME lending is therefore not purely a statistical exercise; it is fundamentally contextual,” Sekhar says. Beyond structured financial data Conventional AI-led underwriting works most effectively when the underlying information is structured, standardised and machine-readable. MSMEs, however, often operate with a…...