News

Industry Watch: RCN Capital transitions away from hard credit pulls and more

Embrace Home Loans recently expanded its reach in Rhode Island by opening new offices in East Greenwich and East Providence. Branch manager Mike Raffa leads the East Greenwich office, while branch manager Jared Maxwell leads the East Providence office. Both previously served in Embrace’s Middletown, Rhode Island, branch office.

Flagstar Bank, N.A. has announced it is now accepting applications for its fifth annual MortgageTech Accelerator program. The program focuses exclusively on incubating fintech startups engaged in developing innovative solutions for the mortgage sector. All applications are due April 15.

Kriss Law/Atlantic Closing & Escrow has launched a pilot program for digital notarizations and closings, leveraging a new integration with The Closing Exchange and eSign Events by Simplifile. The pilot will empower KL/ACE to deliver an integrated eClosing and eNotarization option for mortgage lenders.

RCN Capital has announced that the company will be transitioning to a tri-merge soft credit pull instead of a hard credit pull, mitigating credit score impacts for investors each time they close a loan.

Freddie Mac and Intercontinental Exchange (ICE) have announced a new collaboration, which will leverage both companies’ automation technologies and solutions to help lenders quickly and efficiently underwrite mortgage loans starting at the point of sale.

Polly has announced a new API integration with CoreLogic, coupling Polly’s cloud-native, commercially scalable product and pricing engine with CoreLogic’s digital mortgage platform.

Author

More Headlines