Industry Watch: An active December for mortgage industry fintechs

All the biggest company news from the past week

Industry Watch: An active December for mortgage industry fintechs

All the biggest company news from the past week
industrywatch12.9-13

Sagent has announced the opening of a new office in Dallas, the latest addition to its national and global footprint after opening their office in Chennai, India in 2023. The new 10,000-square-foot facility opened its doors on Dec. 9 and will serve as a hub for associates in the area.

William Raveis, parent company of William Raveis Mortgage, has announced the strategic acquisition of Jordan Real Estate (JRE), an established boutique real estate brokerage serving the Nantucket community.

Intercontinental Exchange (ICE) has announced a new integration between Servicing Digital, the company’s web- and mobile-native consumer engagement app, and its Validate property valuation tool. The integration gives servicers’ customers a current estimate of how much tappable equity they have in their homes, as well as the ability to proactively complete a self-guided valuation of their property.

First American Title Insurance Company has announced the launch of Order Insights, a real-time, transaction-based fraud alert system. Available to all First American policy-issuing title agents, Order Insights is now included with AgentNet Services, the digital storefront for First American Title’s products and services that launched earlier this year.

Mortgage Capital Trading (MCT) and FICO (formally the Fair Isaac Corporation) have announced a strategic collaboration to integrate FICO Score 10 T for mortgage asset buyers and sellers on MCT Marketplace. According to a statement from the two companies, “with 35% of mandatory, delegated mortgage volume being transacted on MCT Marketplace, it is a natural venue for buyers and sellers of mortgage assets to test the value of FICO Score 10 T in the pricing of both whole loans and mortgage-backed securities.” The integration is already live, with MCT facilitating a pilot group of clients currently in progress. Completion of the integration is planned for mid-2025, at which time FICO Score 10T will be available to all MCT Marketplace users.

Blue Sage Solutions has announced that it has fully integrated Fannie Mae’s Income Calculator into its loan origination system (LOS). This API-enabled integration, directly initiated from the LOS, streamlines income calculation for borrowers with income from self-employment or business ownership, enabling faster, more accurate mortgage approvals for lenders, according to a statement from the company.

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