Expansion

Agile, a fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, launched electronic bidding for the fourth month in the To-Be-Announced mortgage-backed securities (TBA) market. This marks a significant leap forward in the trading landscape of off-screen securities.

Mortgage Capital Trading, Inc. (MCT), a mortgage capital markets technology provider, launched a new advancement: a Best Ex for Released and Retained all in one platform.

Embrace Home Loans, a national mortgage lender, recently expanded its reach in Rhode Island by opened offices in East Greenwich and East Providence. Branch Manager Mike Raffa leads the East Greenwich office and Branch Manager Jared Maxwell leads the East Providence office. Both previously served in Embrace’s Middletown, Rhode Island branch office.

Argyle, a provider of direct-source income and employment data, announced the successful closing of a $30 million funding round led by Rockefeller Asset Management’s Fintech Innovation Fund (“Rockefeller”).

CBC Mortgage Agency (CBCMA), a federally chartered housing finance agency, is reducing its interest rate on repayable second mortgages used for its down payment assistance (DPA) program.

The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry, announced that the TMC Emerging Technology Fund LP (the “Fund”) has made its latest investment in Halcyon. Halcyon’s suite of services provides financial institutions with a 360-degree financial relationship with its customers by affordably expanding their offerings to include investment advisory, IRS transcripts and tax preparation services. Halcyon also introduces an industry-first rep/warranted IRS transcript income validation service at a fraction of the cost and time of any commercially available alternative.

MISMO, the real estate finance industry’s standards organization, reported that the industry standard dataset mapping for the U.S. Department of Veterans Affairs (VA) Verification of VA Benefits (Form 26-8937) has reached “Candidate Recommendation” status, which means it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.  

Planet Home Lending, LLC, a national mortgage lender and servicer, has opened a branch office in Rancho Cucamonga, California. Led by Branch Manager Troy Hazelip (NMLS# 252037), the new office will assist homeowners and buyers in the San Bernadino area.