Industry Watch: Fairway touts increased digital closings and more

Motto Mortgage has announced the opening of a new office located in the Valencia neighborhood of Santa Clarita, California. Trent Boser will serve as the mortgage loan originator and branch manager for the office.

Fairway Independent Mortgage Corporation has announced that it has increased its digital closings rate, with 85% of all of the company’s closings including a digital component. Fairway defines digital closings as any involving a digital or electronic signature; according to the company, it is now the top independent mortgage bank for eMortgages for purchase transactions with Fannie Mae and Freddie Mac.

Clear Capital has announced an expanded partnership with real estate data management platform Cherre. Through Cherre’s application programming interface (API), customers now have access to ClearAVM, Clear Capital’s automated valuation model (AVM), where they can map and set rules to automate, standardize and validate data from multiple third parties.

C2 Financial has announced a partnership with Calque to launch “C2 Buy Before You Sell” across the country. With the new program, C2 Financial enables individuals to leverage their home equity for a new purchase prior to selling their current home, allowing homeowners to tap their current home equity to make same-as-cash offers on their next property. Furthermore, because Calque provides a binding backup contract on the borrower’s home, there is a date by which the house is guaranteed to sell.

Figure Technology Solutions, parent company of Figure Lending, has announced that it has confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its equity securities. The number of shares to be offered and the price range for the proposed offering have not yet been determined.


More Headlines