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Figure Acquisition Corp. I plans merger with mortgage bank

Housing Wire

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Acquisition Corp. Securities and Exchange Commission showed on Friday.

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The Mortgage Collaborative launches emerging technology fund

Housing Wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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The crypto-mortgage is the new kid on the block

Housing Wire

LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. As far as a borrower is concerned, they just have a home loan, and they make a payment just like they normally would from their bank account, or they also can make it from their crypto [currency] wallet.”.

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GSE repurchase risk is rippling through the MSR market

Housing Wire

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

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Blockchain today vs. yesterday – What’s different?

Housing Wire

The key difference in Blockchain, distributed ledger technologies (DLT) and related crypto-technologies today is we now understand how these technologies must adapt and are adapting to the world as it is. Emerging distributed ledger technologies are forming a consensus-based approaches to the blockchain within business domains.

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Proptech Job Opportunity: Analyst, Strategic Investments

GeekEstate

The opportunity: Reporting to the Senior Associate, the Analyst will be responsible for supporting the Senior Associate in managing deal pipeline, conducting due diligence, producing financial performance and metrics reports, managing LP reporting, and assisting in developing efficient operating procedures as SCV grows into a global juggernaut.

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Second Century Ventures backs 8 Canadian real estate tech startups

Realty Biz

The startups range from virtual staging tools to e-signature platforms, and are all aiming to make a big impact in the real estate technology sector. Second Century Ventures, a global venture fund in real estate technology, has more than 100 portfolio companies worldwide.