Finance
Rice Park Acquires Rosegate Mortgage, Enhancing End-to-End Mortgage Capabilities and MSR Investment Platform
CHARLOTTE, N.C. and PLYMOUTH, Minn. — Rice Park Capital Management LP (“Rice Park”), a Minneapolis-based private investment firm specializing in mortgage servicing rights (MSRs), announced today that it has acquired Rosegate Mortgage, LLC (“Rosegate Mortgage”), NMLS #2020757, a retail and consumer-direct mortgage lender headquartered in Charlotte, NC….
Velocity Credit Union Introduces ‘Buy Now, Pay Later’ to Give Members Greater Financial Flexibility
AUSTIN, Texas — Velocity Credit Union (Velocity) has announced the launch of a new Buy Now, Pay Later (BNPL) program designed to give members greater financial flexibility and control over their everyday spending. A financial institution with over $1 billion in assets and serving over 80,000 members, Velocity is introducing this program to further its commitment to offering comprehensive financial services to its members for every stage of their life….
The Mortgage Collaborative Charts 2026 Strategy Focused on Connection, Growth and Industry Resilience
SAN DIEGO, Calif. — As lenders continue to navigate a shifting housing market marked by volatility, margin pressure and rapid technological change, The Mortgage Collaborative (TMC) is doubling down on what it believes is the industry’s greatest strength: connection….
Cloudvirga’s Loan Hub equips loan teams with modern tools for managing pipelines, tasks and borrower communication
IRVINE, Calif. — Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, today announced the launch of its new Loan Hub for lenders seeking an optimized loan team experience. The Loan Hub gives loan officers, LO assistants and processors a modern, intuitive workspace to manage their pipelines, collaborate with borrowers and complete key tasks without toggling between systems….
Optimal Blue report: October lock volume holds second-highest level in three years
PLANO, Texas — Optimal Blue today released its October 2025 Market Advantage mortgage data report, showing that rate-lock activity remained strong despite seasonal cooling and continued to outpace last year’s levels. Total lock volume fell 4.2% month over month (MoM) from September’s peak but was still up 18% year over year (YoY) as borrowers responded to improving affordability and narrower rate spreads….
MMI’s Chief Technology Officer Dan Jones Named 2025 HousingWire Tech Trendsetter
SALT LAKE CITY, Utah — HousingWire has recognized Dan Jones, Chief Technology Officer at Mobility Market Intelligence (MMI), as one of its 2025 Tech Trendsetters – an annual honor celebrating 75 technology leaders who are shaping the future of housing through innovation….
LenderLogix expands LiteSpeed POS with built-in AI-powered agent for mortgage loan officers
BUFFALO, N.Y. — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced it has launched AI Sidekick, an artificial intelligence (AI) feature built into the LiteSpeed point-of-sale (POS) platform. AI Sidekick supports loan officers (LOs) with simple tools to instantly review loan files, efficiently update document needs lists and rapidly identify missing data, reducing loan processing times by up to 40%….
Secured Signing and Reality Defender Partner to End Deepfake Fraud
MOUNTAIN VIEW, Calif. — Secured Signing, a global leader in Digital Signature and Remote Online Notarization (RON) solutions, announces a major step forward in fighting digital fraud. We’ve partnered with Reality Defender, the leader in real-time deepfake detection, to integrate a powerful new security layer into our services….
Friday Harbor adds appraisal underwriting to its AI Originator Assistant
SEATTLE, Wash. — Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, today announced that its AI Originator Assistant now performs collateral analysis alongside credit, income and asset reviews. The enhancement enables lenders to underwrite appraisals and appraisal-related documents with the same precision and consistency the platform already delivers for other loan file components….
Click n’ Close triples warehouse line capacity to support growing One-Time Close demand
ADDISON, Texas — Click n’ Close, a multi-state mortgage lender, today announced a significant expansion of its warehouse line capacity dedicated to its growing One-Time Close (OTC) construction-to-permanent wholesale lending business. The expansion, supported by Merchants Bank and other warehouse partners, triples Click n’ Close’s OTC capacity and follows a record fiscal year performance, reinforcing the confidence of its capital partners in the company’s financial strength and specialized business model….