Industry Watch: Attom, Embrace Home Loans, OceanFirst Bank and others make moves

A roundup of the last two weeks of noteworthy mortgage industry company news

Industry Watch: Attom, Embrace Home Loans, OceanFirst Bank and others make moves

A roundup of the last two weeks of noteworthy mortgage industry company news

Attom has acquired key assets of ResiShares, a provider of residential real estate analytics and forecasting technology. The transaction integrates ResiShares’ machine-learning pricing models and rent forecasts into Attom’s existing data warehouse, which covers 158 million U.S. properties.

Embrace Home Loans and OceanFirst Bank announced a strategic partnership in which the Rhode Island-based independent lender will manage residential mortgage originations for the bank’s customers. The agreement, which launched last year but was formally announced last week, involves OceanFirst referring customers to Embrace for financing while Embrace expands its physical footprint in New Jersey and the mid-Atlantic region.

Prudent AI launched a new platform designed to calculate qualified income for any loan type in a single tool. Dubbed “Prudent AI Upfront Income,” the platform automates the analysis of income documents — including W-2s, tax returns and bank statements — to provide same-day certainty on borrower qualification.

Restb.ai debuted a new suite of computer vision tools designed to help the mortgage and appraisal industries adopt the Uniform Appraisal Dataset (UAD) 3.6 standards before they become mandatory later this year. The company’s “Feature UAD” application programming interface automates the extraction of property data from photos to populate the new, dynamic appraisal forms required by government-sponsored enterprises Fannie Mae and Freddie Mac.

Other developments on the UAD front include ServiceLink’s partnership with Grid ML to provide its appraiser panel with free access to the Grid ML UAD 3.6 Interactive Reference Guide. The tool synthesizes government-sponsored enterprise guidance into a searchable format, allowing appraisers to quickly find field requirements and the relevant rules when needed.

Propy secured a $100 million credit facility from Metropolitan Partners Group to fund an AI-led roll-up of title and escrow companies. The Miami-based firm plans to acquire small and midsized title agencies generating $5 million to $20 million in annual revenue and integrate them into its AI-powered closing platform.

Invitation Homes has acquired ResiBuilt, an Atlanta-based build-to-rent developer, in a deal valued at approximately $89 million. The acquisition provides the single-family rental real estate investment trust with an internal development platform and a pipeline of 23 fee-building contracts.

Balance Homes announced its relaunch with a $30 million investment led by the Falco Group. The company, originally founded in 2021, provides a co-ownership model designed to help homeowners access home equity without taking on traditional debt, a solution pitched as a lifeline for families facing affordability challenges or limited financing options.

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