Author: PROGRESS In Lending

AIIn The News

66% Of Consumers Don’t Realize AI Could Help Their Finances, New Kikoff Survey Finds

PROGRESS In Lending

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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AffordabilityIn The News

Mortgage Application Payments Decreased in July

PROGRESS In Lending

Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,172 in June. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

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In The NewsPOS Advances

New Tech Lets Lenders Configure Organizational Settings, User Permissions And Loan App Workflows In Real Time

PROGRESS In Lending

Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, announced the general availability of an admin portal for its Tropos borrower platform, giving lenders greater control over how it works for their business and borrowers. With the new functionality, lenders can adjust organizational settings, manage their brand experience across the business structure, customize loan applications and adapt operational workflows—all without developer assistance.

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