Michael Bugbee Joins BSI Financial Services As VP Of Client Success

BSI Financial Services, a mortgage-centric financial services company, announced that Michael Bugbee has been hired as vice president of client success, where he will lead the company’s broader strategy to better align the delivery of its robust and client-centric focus with the expanding needs of BSI’s growing primary and specialty servicer client base.

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Commercial And Multifamily Mortgage Delinquencies Decreased In March

Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in March, reaching the lowest level since the onset of the COVID-19 pandemic, according to the Mortgage Bankers Association’s (MBA) latest monthly CREF Loan Performance Survey. The survey was developed to better understand the ways the COVID-19 pandemic is impacting commercial mortgage loan performance.

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MidFirst Bank Debuts Free Goal-Based Banking Mobile Experience App

Monifi, a mobile banking application built around the principle of goal-based banking, has launched to help people have a more personalized interaction with all of their financial transactions. More than just a bank, Monifi is a financial tracking and budgeting app that effortlessly helps customers create robust and smart money saving habits through a platform that speaks to the way people think about their money.

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Maxwell Completes $16.3 Million Series B Funding, With A Plan To Accelerate Value To Community Lenders

Maxwell completed Series B: a $16.3 million funding round led by Fin VC and TTV Capital. The company’s existing partners Anthemis Group, Route 66 Ventures, Cantos Ventures, Thirdstream Partners, and Sovereign’s Capital also participated, along with new investors Rotor Capital, Prudence Holdings, and The Mortgage Collaborative Emerging Technology Fund.

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Genworth: 2020 Best Year On Record For First-Time Homebuyer Market

Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), released the 15th edition of the First-Time Homebuyer Market Report, authored by its Chief Economist, Tian Liu, for the fourth quarter and full-year of 2020. The report aggregates all publicly available government data and proprietary mortgage industry data into one digestible report.

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LenderClose Deploys HEx To Expedite, Simplify Home Equity Lending

LenderClose, a fintech engaged in providing technology solutions to lending institutions, has launched Home Equity Express (HEx), a cloud-native technology for placement of collateral verification data and reports through an intelligent, automated workflow, reducing the time it takes credit unions and community banks to process a home equity loan. With HEx, lenders can spend significantly less time per file, with some existing clients reporting their origination time has reduced by nearly 60%.

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