Mortgage technology

Dark Matter offers Empower integration with appraisal portal

Appraisals, Data integration, Mortgage technology, Originations, Servicing, Underwriting / Ricky Vasquez

Dark Matter Technologies, which operates the Empower loan origination system, has created an integration with the Uniform Collateral Data Portal maintained by the government-sponsored enterprises. This makes the company “an early adopter” in supporting the Uniform Appraisal Dataset 3.6 and the Forms Redesign initiative, a press release said. On June 10, the Mortgage Industry Standards […]

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Fannie Mae, Freddie Mac revamp JV as fintech venture

Capital markets, Mortgage technology, Politics and policy, Secondary markets / Ricky Vasquez

Fannie Mae and Freddie Mac unveiled a new strategy for their legacy joint venture, aligning with priorities set by President Trump and their federal overseer. Their Common Securitization Solutions JV will be renamed U.S. Financial Technology to reflect a new role in which it will sell access to the mortgage-backed securities platform used to manage

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ICE Mortgage Technology launches its own APOR index

CFPB News & Analysis, Mortgage technology, Secondary markets / Ricky Vasquez

ICE Mortgage Technology has launched its own publicly available weekly average prime offer rate [APOR] index, the company announced Tuesday. The APOR index is the underlying interest rate source used to determine what qualifies as a higher-priced mortgage loan under federal regulations. For more than a decade, the Consumer Financial Protection Bureau has published the

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Teraverde, Stratmor clarify no merger took place

Data & Analytics, M&A, Mortgage technology / Ricky Vasquez

Teraverde and Stratmor want to make it clear that the proposed merger announced over a year ago between the two was never completed. The misconception, both Teraverde’s Jim Deitch and Stratmor’s Garth Graham said, came about from an artificial intelligence generated answer to a search engine question. The deal was announced last May at the

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Figure HELOC securitization breaks new ground in ratings

HELOCs, Mortgage technology, Secondary markets / Ricky Vasquez

Figure Technology Solutions has announced a blockchain-based home-equity line of credit securitization that it says is the first to receive a AAA rating from a major rating agency, broadening its investor base. Standard & Poor’s ratings for the $355 million, six-tranche deal, FIGRE 2025-HE3, range from a top AAA to B-minus, which is a low-end

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MISMO puts eHELOC specs out for comment

Digital mortgages, E-Commerce, HELOCs, Mortgage technology, Secondary markets / Ricky Vasquez

In a move that could further boost a mortgage segment that’s expected to grow, the Mortgage Industry Standards Maintenance Organization has put the SMART Doc V3 eHELOC Specification out for comment for a 30-day period through July 5. MISMO, a subsidiary of the Mortgage Bankers Association, is the development standards body for the mortgage industry,

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RatePlug’s new tool creates, nurtures real estate leads

Digital marketing, MARKETING TO BORROWERS, Mortgage technology, Originations / Ricky Vasquez

Even though some mortgage industry economists are expecting existing home sales to improve this year, affordability remains an issue holding many consumers back from acting. On the lender side, the competitive landscape for whatever leads are in the market is getting tougher because of the uncertainty around mortgage rates. A new offering from RatePlug looks

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Dark Matter to offer e-close capabilities through Nova LOS

Digital mortgages, Mortgage technology, Originations, Technology / Ricky Vasquez

Mortgage software provider Dark Matter Technologies is making electronic closing capabilities available on another of its loan-origination systems through a new agreement with Wolters Kluwer. The technology firm will offer e-closings on the Nova LOS platform, a system it added to its product suite alongside its primary Empower origination system in the latter half of

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Citi invests in business purpose lender Vontive

Capital markets, Investments, Mortgage technology, Secondary markets, Securitization / Ricky Vasquez

Vontive, which is a fintech specializing in business purpose mortgages, has received an investment from Citi, which also acted as lead bookrunner on its first-ever securitization. The amount of the off-cycle investment was disclosed. It is the first new capital in the company since its 2022 Series B fundraise, said Vontive CEO Charles McKinney. The

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MISMO releases new reference model, updates existing one

Mortgage technology, Secondary markets, Underwriting / Ricky Vasquez

The Mortgage Industry Standards Maintenance Organization has made two editions of its reference model, one an update and the other a new version, available for industry use. Its Version 3.6 Reference Model was released in 2023, and in a statement contained in MISMO’s 2022 annual report, then-President Seth Appleton called it “foundational to the way

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Dark Matter offers Empower integration with appraisal portal

Fannie Mae, Freddie Mac revamp JV as fintech venture

ICE Mortgage Technology launches its own APOR index

Teraverde, Stratmor clarify no merger took place

Figure HELOC securitization breaks new ground in ratings

MISMO puts eHELOC specs out for comment

RatePlug’s new tool creates, nurtures real estate leads

Dark Matter to offer e-close capabilities through Nova LOS

Citi invests in business purpose lender Vontive

MISMO releases new reference model, updates existing one

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