Digital mortgage firm Qualia gets new round of funding

Very slight increase in mortgage application volume this week The refinance share of mortgage activity decreased again, falling to 44.9% of total applications from 45.6% the previous week. The adjustable-rate mortgage (arm) share of activity increased to 7.2.

Mortgage Gym, a digital start-up firm with advice permissions, has outlined its network, client and broker fee plans after brokers questioned the firm over ‘who owns the client’. The company has yet to launch its service but created a stir with its plans to automate the front end of the mortgage.

IRVINE, Calif., May 16, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent mortgage platform, today announced the closing of a $50-million Series C funding round led by private-equity firm Riverwood Capital with ongoing.

Guarantee fees drop for mortgages in several riskier categories: FHFA A mortgage point is a fee equal to 1 percent of the loan amount. A 30-year, $300,000 mortgage might have a rate of 7 percent but come with a charge of one mortgage point, or $3,000. The more points you pay, the lower the interest rate. Borrowers typically pay up to three or four points, depending on how much they want to lower their rates.Existing-home sales fall to three-year low, miss estimates Walter Investment’s emergence from bankruptcy is delayed Existing-home sales fall to three-year low, miss estimates Queens home-sellers aren’t waiting for Amazon to raise prices walter Investment’s emergence from bankruptcy is delayed Walter Investment management corp. pushed back the date it would emerge from bankruptcy to no earlier.

Mortgage Gym, the latest digital firm to receive major funding, plans to shake up the intermediated advice process with the help of two financial heavyweight hires. Grant Hendry, ex-mortgage broker and formerly regional business development manager at Atom Bank, has joined Mortgage Gym as head of business development.

New York, NY – (July 18, 2016) SourceMedia, the publisher of National Mortgage News and American Banker, today introduces a new conference focused on digital innovations in home buying and lending.Digital Mortgage 2016: Innovations in Home Buying and Lending will be held December 8-9 at the Hilton San Francisco, Union Square.

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a provider of digital mortgage lending technology. In addition, the firm has received a new round of venture capital funding to expand its capacity. Halbrook has nearly 35 years of financial services.

4 Ways Not To Get Screwed By Private Lenders New American Funding will deploy the Black Knight servicing digital solution, which provides borrowers with an easy way to manage their loans and access details about how much wealth can generated from their real-estate assets.

Cloudvirga Signs Five Lenders to Digital Mortgage Platform Cloudvirga, Irvine, Calif., developer of intelligent mortgage point-of-sale platforms, signed five of the nation’s top 30 non-bank lenders. Cloudvirga’s mortgage point-of-sale platforms combine a borrower experience with a digital lender platform designed to cut overall loan costs, increase transparency and reduce time to close a loan.

Be flexible but be firm about what your value proposition is." Garg said decisions about whether a small or midsize mortgage bank should build or buy may depend on something as simple as geography. "If your engineers can’t get a job at Google, then you should probably not build, you should buy," he said, to a round of laughter.