Intuitive digital engagement transforms the mortgage experience for borrowers and loan officers | SehndeWeb

BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payment technology solutions and financial services, is transforming the mortgage lending process with an intuitive digital platform, enabling anytime, anywhere engagement. any place. Dynamic technology combined with responsive design enables a highly personalized experience for borrowers and loan officers. Fiserv’s Digital Mortgage Center enables … Read more

Cambridge Savings Bank helps local business owner drive impressive growth with business lending solution | SehndeWeb

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Cambridge Savings Bank (SCB)a full-service mutual bank with a customer-focused approach and more than $5 billion in assets, today announced that its commercial lending team has provided a $2.1 million commercial real estate mortgage and a construction loan to permanent to acquire and renovate a new building in Hingham, Massachusetts to a special … Read more

Fintech Lender Upstart says it won’t keep excess loans on balance sheet | SehndeWeb

Fintech lender Upstart Holdings Inc. will no longer park loans on its balance sheet that financial institutions don’t want to buy after its decision to keep those loans earlier this year surprised investors, its chief financial officer said. Upstart, based in San Mateo, Calif., offers personal loans based on a machine-learning-based credit-scoring model that it … Read more

Lendistry champions progressive funding for New York | SehndeWeb

NEW YORK, May 17, 2022 (GLOBE NEWSWIRE) — Lendistry (www.lendistry.com) today announces that its unique lending model is open in New York. Since 2015, the minority-run fintech has provided $8.6 billion in funding to 561,000 businesses in underserved communities, with 90% of funding supporting businesses with 10 or fewer employees. In 2021, Empire State Development … Read more

HELOC loans surge in late 2021 amid rising mortgage rates: TransUnion | SehndeWeb

HELOC loans rose in the fourth quarter of 2021 amid rising mortgage rates, according to TransUnion. (iStock) According to a new report of TransUnion. According to Freddie Mac Data. But the values ​​of the house are also in placeencouraging owners to dip into their capital despite the rise in interest rates. As mortgage rates rise, … Read more

Fintech Lender Upstart says it won’t keep excess loans on balance sheet | SehndeWeb

Fintech lender Upstart Holdings Inc. will no longer place loans on its balance sheet that financial institutions do not want to buy after its decision to keep those loans earlier this year surprised investors, its chief financial officer said. Upstart, based in San Mateo, Calif., offers personal loans based on a machine-learning-based credit-scoring model that … Read more

Mortgage delinquencies hit another record high in April, driven by continued improvement in severely delinquent loans | SehndeWeb

The national crime rate fell to 2.80% in April, down four basis points from March, hitting a new high for the second month in a row Overall delinquencies are down nearly 40% from a year ago as the mortgage market continues to recover from pandemic-related impacts The number of borrowers with a single overdue payment … Read more

Baltimore Business Owner Pleads Guilty to Conspiracy to Commit Wire Fraud in Sale of Two Baltimore Properties | USAO-MD | SehndeWeb

Baltimore, Maryland – Philip Abramowitz, 50, of Pikesville, Maryland, pleaded guilty yesterday to conspiracy to commit wire fraud. As part of his guilty plea, Abramowitz will be ordered to pay $373,684 in restitution. The guilty plea was announced by United States Attorney for the District of Maryland Erek L. Barron and Special Agent in Charge … Read more

Wilmington Trust Adds Three Senior Members to CLO’s Trustee and Loan Administration Division | SehndeWeb

Eighteen hires in one year show growing team commitment to attracting top talent WILMINGTON, Del., May 20, 2022 /PRNewswire/ — Wilmington Trust, a leader in corporate and institutional trust services, today announced the addition of three new vice presidents to its growing CLO and loan administration division – Michael Mooneyham, Ryan Murray & Madhura Swadi … Read more