REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
New American Funding | March 06, 2023
New American Funding, an independent mortgage lender, recently announced its partnership with Patch, the hyper-local news platform, to become its exclusive mortgage provider. Through this partnership, NAF will be featured prominently in Patch's weekly newsletters in more than 1200 communities worldwide and on the real estate and mortgage hub on each of Patch's community websites.
Patch offers unique news and information for over 1200 communities throughout the nation at present. By the end of the year, Patch plans to grow in a big way. With Patch, NAF is also a nationwide provider company, creating it as a natural partnership. By collaborating with NAF, Patch can offer its readers access to reliable mortgage services through a reputable provider. As Patch's growth continues, this partnership with NAF is poised to help both companies reach a wider audience and meet their business goals.
CEO and Co-Founder of New American Funding, Rick Arvielo, said, "As the way families find companies to work with evolves, so do the ways we can reach them," He also said, "This partnership will put our company in front of millions of people, giving us a great opportunity to educate them about the various loan options we offer and show them how we can help them achieve their dreams of homeownership."
(Source – Cision PR Newswire)
About New American Funding
Founded in 2003 as an independently-owned and operated mortgage lender, New American Funding has 165 branch offices nationwide and a servicing portfolio of over 243,770 loans worth about $64.3 billion. J.D. Power in Customer Satisfaction in 2022 ranked New American Funding as #1 among Mortgage Servicers. Furthermore, in 2022, the company ranked 18th on Fortune's list of the 100 Best Companies to Work For®. The company provides its Loan Officers with cutting-edge tools to help them streamline the mortgage process and offers advanced career training. Based in Tustin (California), it is committed to providing impartial mortgage education to the broader public.
MARKET OUTLOOK, MORTGAGE AND LENDING
Affinius Capital | March 13, 2023
USAA Real Estate recently announced it has successfully consummated a decade-long partnership with Square Mile Capital after acquiring the balance of Square Mile Capital in 2021. The final integration of the investment management platforms would be under a new corporate brand, Affinius Capital®. The company will continue to offer strategic equity and debt capital, and it will continue to capitalize on the growing demand for structured credit, technology-driven real estate assets, and flexible deal structures while addressing the pressing need for rental housing solutions under the new corporate brand name Affinius Capital.
The same dedicated and diverse group of senior leaders will be operating Affinius Capital, using the disciplined approach as previously to invest and align interests that have made USAA Real Estate and Square Mile Capital successful. In addition, former Square Mile CEO Craig Solomon will now be the CIO and Vice Chairman of the new company.
Affinius Capital, with the original approach of the two integrated companies, will continue to put its clients and their interests first and ensure they align with its own goals. It will also continue to look for risk-adjusted returns that have a positive and measurable effect on society while keeping its multifaceted focus on creative and dynamic solutions that use technological advances in digital automation, predictive analytics, and artificial intelligence. The company's headquarters will remain in San Antonio and New York, and regional experts will continue to operate in Amsterdam, Atlanta, Dallas, Chicago, Phoenix, Los Angeles, San Francisco, Seoul, and Washington, D.C.
About Affinius Capital
San Antonio, Texas-based Affinius Capital and affiliate companies invest across the risk spectrum for a client base worldwide, managing more than $35 billion within a diversified portfolio across Europe and North America as net assets under management. It offers strategic equity and debt capital to capitalize on the escalating demand for technology-driven real estate assets to meet the critical demands for housing solutions and other capital and market structure opportunities exhibiting convincing risk-return characteristics.
REAL ESTATE TECHNOLOGY,MORTGAGE AND LENDING
Flueid | January 06, 2023
Flueid, a real estate technology business that uses title data and insights to drive end-to-end transactions, announced an integration with FirstClose, Inc., the leading fintech solutions provider for home equity lenders across the country.
The integration will accelerate home equity lending, reducing transaction times from weeks to five days and supporting a seamless consumer experience.
FirstClose Equity reduces operational touchpoints and improves the borrower experience. The end-to-end platform includes a borrower-facing point-of-sale solution that provides consumers with rapid online feedback on home valuation, available home equity loan possibilities, and credit decisions in minutes. In addition, by combining Flueid's decisioning with FirstClose's data and workflow solutions, lenders can start new loans and close them in five days while lowering costs and making processes more efficient.
FirstClose stated that this integration would optimize its already exceptional customer service. The integration takes advantage of the best parts of both companies' core technologies to make the closing process faster, like other digital transactions.
Flueid stated that the company and FirstClose are pioneers in the home equity loan industry. They can simplify the transaction experience for consumers by including transaction decisions and title data at the outset of a lender's workflow.
Flueid and FirstClose will be showcasing their respective solutions from February 27 to March 1 at ICE Experience 2023.
Flueid is a technology company that aims to make the real estate industry more fluid by fueling transactions with data and insights. The platform combines insurtech, proptech, and fintech. It unlocks data and digitizes real estate transactions for a safe, faster, and on-demand experience.