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Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing

Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing

by Phil Hall | Oct 5, 2023 | Current News & Events, International Real Estate News, Mortgage Information, Real Estate News, WRE News Exclusive

PADS Financial, a Montreal-based Fintech startup, announced the launch of PADS, an online platform for first and second rank mortgage origination and servicing within Canada’s housing market. According to the company, the PADS online portal enables users to...
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

by Phil Hall | May 26, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Colonial Savings F.A. has announced it will be exiting the mortgage origination business as of July 31. The Fort Worth, Texas-based thrift said it would continue to provide mortgage servicing along with the remainder of its full-service banking offerings. Colonial...
Equifax Debuts Employment Verification Tool for Mortgage Originators

Equifax Debuts Employment Verification Tool for Mortgage Originators

by Phil Hall | May 17, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Atlanta-based Equifax (NYSE: EFX) has unveiled Employment Select+, a new tool for the mortgage origination process. Employment Select+ uses data from Equifax’s proprietary database The Work Number to provide originators at closing with an instant view into a...
Q1 Household Debt Tops the $17 Trillion Level

Q1 Household Debt Tops the $17 Trillion Level

by Phil Hall | May 15, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. household debt passed the $17 trillion mark for the first time, according to data from the Federal Reserve Bank of New York. The newly published Quarterly Report on Household Debt and Credit reported a $148 billion (0.9%) increase to $17.05 trillion by the end of...
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