Zions Bancorporation has completed its purchase of the agency multifamily lending platform owned by Basis Multifamily Finance I, including staff and mortgage-servicing rights. Processing Content The price paid, as well as other terms of the deal, were not disclosed. The deal was first announced in March. Basis Multifamily Finance I was a subsidiary of Basis […]
Zions closes Basis buy, expanding agency multifamily Read More »
Initial reaction to the FHA’s proposed test of a partial claim alternative: worth trying, but not every servicer will want in. Processing Content That fits in with the terms of the five-year demonstration project the FHA has floated, which would be open to all and voluntary. If the test moves forward, various types of servicers
FHA partial claim test incentives may miss small servicer costs Read More »
MeridianLink is acquiring a financial wellness platform, marking the start of accelerated technology investment by the company. Processing Content The loan-origination software provider bought Credit Mountain, which helps financial institutions transform loan declines into opportunities through personalized credit education, digital coaching and actionable financial improvement plans, for an undisclosed amount last week. The acquisition builds
MeridianLink acquisition helps lenders recapture denied leads Read More »