Freddie Mac announced the launch of Quality Control Advisor Plus, an automation technology designed to streamline its single-family quality control process. The tool, which will be available to lenders by year-end, is intended to enhance loan quality and lower costs.
Deephaven Mortgage, a lender in the non-qualified mortgage space, launched Equity Advantage HELOC, a stand-alone home equity line of credit product for correspondent and wholesale partners. The product lets self-employed borrowers qualify using bank statements rather than tax returns.
Absolute Home Mortgage has acquired the assets of Fidelity Direct Mortgage, integrating the Maryland-based lender’s team of 55 producing loan officers into its existing operations. The expansion allows the New Jersey-based company to strengthen its presence in the Northeast while enhancing operational scale and product offerings for borrowers.
The Federal Home Loan Bank of Chicago has introduced an enhanced Community Advance product backed by $10 million in 2025 interest rate subsidies, consolidating previous offerings into a single streamlined solution with expanded eligibility for housing and small business loans.
Bayview Asset Management has completed its all-cash acquisition of Guild Holdings Co., taking the mortgage lender private in a transaction valued at approximately $1.3 billion. Following the deal, Guild will operate as an independent entity within Bayview’s portfolio, leveraging the partnership to expand its national brand and mortgage servicing capabilities.
Cloudvirga has launched Loan Hub, a centralized digital workspace designed to help loan officers and processors manage pipelines and collaborate with borrowers more efficiently. The new tool complements the company’s consumer-facing Tropos platform by integrating loan data and communication features into a single interface, aiming to streamline the lending process from application to closing.
DocMagic, a company specializing in mortgage technology, announced it is extending its Total eClose platform by adding in-person electronic notarization capabilities, allowing for fully digital closings even in face-to-face settings.
