Home Equity Fintech FirstClose Promotes Andria Lightfoot To VP Of Client Success
FirstClose announced the promotion of Andria Lightfoot to vice president of client success.
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Author: PROGRESS In Lending
TransUnion Report Finds More Consumers Likely Self-Reporting Rent Payments in 2025
The number of consumers whose rent payments are reported to credit reporting agencies rose to 13% in 2025, up from 11% in 2024, according to a new TransUnion (NYSE: TRU) report. This trend may gain momentum after the announcement of a policy from the Federal Housing Finance Agency (FHFA) that will make it easier for rent payments to help consumers qualify for mortgages.
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Outamation Launches Industry-First Waterfall Decision Engine Incorporating FHA Changes
Outamation, a pioneer in automation and digital transformation that reimagines workflows to deliver impactful business outcomes, has launched its waterfall decision engine within OutamateMods. The solution delivers automated decisioning across all agencies and investor types, including seamless connectivity to Fannie Mae’s SMDU and Freddie Mac’s Resolve platform, while being first to market with complete integration of FHA Mortgagee Letter 2025- 14 changes.
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Multifamily Lending Increased 17 Percent To $289 Billion In 2024
In 2024, 2,463 different multifamily lenders originated a total of $288.7 billion in new mortgages for multifamily properties with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
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IMBs Send Letter With GSE Conservatorship Exit Priorities
In total 46 independent mortgage banks (IMBs) sent a joint letter today to Treasury Secretary Bessent and FHFA Director Pulte identifying IMB priorities for a Fannie/Freddie Exit from Conservatorship, to protect smaller IMBs and consumers.
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Asurity And Calyx Partner To Bring Lightning-Fast Compliance Checks
Asurity Technologies, LLC® (“Asurity®”), a provider of mortgage compliance technology, announced the successful integration of RegCheck®, Asurity’s real-time loan-level compliance solution, with Calyx Path®, the enterprise-grade, cloud-based loan origination system (LOS) from Calyx®, a trusted name in mortgage technology for banks, credit unions, mortgage bankers, and brokers.
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Blue Sage Launches New AI Sales Agent
Blue Sage Solutions, a provider of innovative cloud-based digital lending technology, announced the early release of its new AI Sales Agent, a powerful voice- and text-enabled assistant built natively into the Blue Sage Digital Lending Platform. AI Sales Agent is currently being tested with select clients and is expected to be generally available later in 2025.
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Pennymac Correspondent Group Expands Product Suite With Launch Of Non-QM Offerings
PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced that its Correspondent Group will launch a new suite of non-qualified mortgage (Non-QM) products on September 22. These products will expand access to flexible financing for borrowers who do not meet traditional agency criteria.
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Planet Posts Double-Digit Growth In Servicing And Originations In Q2 2025
Planet Financial Group, LLC, parent of national mortgage lender Planet Home Lending, LLC, which also does business under the name Planet Loan Servicing, and asset manager Planet Management Group, LLC, had strong growth across its servicing, origination and asset management channels in the second quarter of 2025.
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66% Of Consumers Don’t Realize AI Could Help Their Finances, New Kikoff Survey Finds
Kikoff, the credit-building platform used by over a million Americans, released new survey findings from 1,500 U.S. consumers actively working to build credit. The results reveal a significant awareness gap: while AI already powers much of everyday life, most Americans haven’t yet connected it to their finances. In fact, two-thirds of respondents (66%) were unaware that AI tools exist to help manage money and build credit, despite being the very group that could benefit most.
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