California mortgage lender Opes Advisors is using proprietary software technology to help clients think more holistically about how buying a home fits into their financial plans; the company originates approximately $3 billion in mortgage loans per year and has built technology software that advises clients on comprehensive financial planning; also offering wealth management, the company provides comprehensive advisory services that are unique in the mortgage lending market. Source
PeerStreet is a platform founded by Brew Johnson? and Brett Crosby; initially launched to take advantage of inefficiencies in the real estate market, the platform has grown to service a wide range of accredited investors; the platform has originated over $200 million in real estate loans; it attributes its success to the platform's focus on short-term, first position lien loans, and a robust legal and compliance team; Brew Johnson will be speaking at LendIt USA 2017 on a panel discussing "Residential & Commercial Real Estate: What's next for real estate crowdfunding?" Source
The partnership will focus on Money360 providing pre-arranged financing options for eligible commercial properties listed for auction on the Ten-X platform; financing options on these properties will be transparently disclosed on the platform and Money360 will work with buyers to complete the underwriting, processing and closing of the loan; the partnership expands deal flow of commercial properties for Money360, which utilizes technology to enable commercial real estate loan transactions from $1 million to $20 million. Source
A report from Crowdfund Insider says AssetAvenue has stopped originating loans; the California-based marketplace lender was providing property loans through its digital platform; firm raised $11 million in a Series A funding round in 2015; the firm's loans were primarily averaging approximately $2 million and the platform was open to all types of investors. Source
LandlordInvest has launched the UK's first secured property P2P lending innovative finance individual savings account (IFISA); the firm offers 5% to 12% returns on its loans and investors can now invest tax free with the IFISA; platform investments include bridge loans and term loans for buy-to-rent landlords; most of the firm's loans are for amounts ranging from 30,000 British pounds ($37,895) to 750,000 British pounds ($947,363) with a payoff term of five years; process for offering the IFISA took less than two months with approval obtained by HM Revenue and Customs shortly after the firm's Financial Conduct Authority approval in December. Source
Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little benefit.
Mortgage fintech Blend is on a roll; Blend’s customer base now accounts for more than 25% of the $2.1 trillion...
P2PGI will be increasing its allocation to asset-backed loans in its investment trust; the firm will primarily focus on secured real estate loans however it will also be increasing its allocation to invoice credit lending and other secured lending investments; the increased focus on secured loans follows a previous announcement on targeting UK originated loans. Source
The UK government has released a white paper discussing its real estate property development initiative; UK P2P lenders continue to support the initiative through alternative funding for real estate borrowers; the government will also manage a 1 billion British pound ($1.25 billion) fund for financing specialized real estate developers; the UK is targeting 200,000 new homes. Source
A new fintech startup based in London wants to make buying an investment property as easy as ordering something on...