Digital lending platform MortgageHippo changed its name to Revvin. The new name, according to the company, comes from “the sound a high-performance engine makes when running at peak efficiency” and is evocative of the efficiency upgrades that Revvin’s platform can deliver for both borrowers and loan officers.
Revolution Mortgage announced the opening of a new location in Englewood, Colorado. The branch will be managed by Stacey Dowling and is the fourth location for the company in Colorado.
Real estate tech company Prevu, which offers the Smart Buyer digital buyer platform, announced that it has completed the acquisition of assets pursuant to an asset purchase agreement with Reali Inc. The acquisition was completed on Oct. 14. Terms of the asset transaction include the transfer of all technology and intellectual property rights related to Reali Inc.’s mortgage business, Reali Loans.
AmeriSave Mortgage Corp. is now offering home equity lines of credit (HELOCs). AmeriSave HELOCS have a 10-year draw period, with funds available to be received via check or online transfer. Monthly payments are interest only, based on the amount borrowed, until the repayment period (years 11-20).
Mortgage Network Inc. opened a new office in Quincy, Massachusetts. The office, located near the South Shore Plaza, is led by branch manager John Folino.