Author: PROGRESS In Lending

ComplianceIn The News

CFPB Proposes Rule To Jumpstart Competition And Accelerate Shift To Open Banking

The Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new protections against companies misusing their data. The proposed Personal Financial Data Rights rule activates a dormant provision of law enacted by Congress more than a decade ago.

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In The NewsIndustry Trends

Six Lenders Ink Deals With Down Payment Resource Last Month To Offset Affordability Crisis

Down Payment Resource (DPR), a technology for connecting home buyers with homebuyer assistance programs, has onboarded six mortgage lenders this September. DPR’s expanded client base includes Elevations Credit Union, Embrace Home Loans, Homeowners Financial Group, HomeStreet Bank, RWM Home Loans and a regional bank. This significant milestone reflects the growing need for solutions that promote accessible and sustainable homeownership.

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In The NewsInnovation

Valligent Mitigates Valuation Bias And Ensures Appraisal Accuracy With BiasCHECK

Valligent, a Veros Software company providing real estate valuation solutions, has enhanced their traditional appraisal quality control process with BiasCHECK, a technology-based risk analysis solution integrated into Valligent’s appraisal review to quickly detect if an appraisal may be at risk for potential valuation bias or quality issues that need deeper analysis.

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In The NewsInnovation

Forta Solutions Officially Launches Warehouse Lending Platform Agility

Fintech provider Forta Solutions has launched Agility, a warehouse lending platform that offers warehouse lenders transparency, efficiency and a faster, more secure path to liquidity. Designed by warehouse lenders and built with modern technology, Agility features APIs that enable seamless integrations with both internal and third-party vendors’ systems, a first in the warehouse lending industry.

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In The NewsOur Videos

Welcome To Day 5 Of ENGAGE 2023

Welcome to the fifth day of ENGAGE 2023 brought to you by PROGRESS in Lending. In this video FinTech Expert and Senior Advisor at STRATMOR Sue Woodard describes the choices that everyone needs to make to be successful in the mortgage market today. Also, visionary executives from NEXT, CreditXpert, Sagent and Black Knight detail new ways to engage your team, your clients and your prospects. Check it out here …

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