The Role of Technology in Mortgage Lending

In this paper, we study the effects of FinTech lending on the U.S. mortgage market. Ourmain hypothesis is that the FinTech lending model represents a technological innovation thatreduces frictions in mortgage lending, such as lengthy loan processing, capacity constraints,inecient renancing, and limited access to nance by some borrowers. Read more...

30-Year Client Will Migrate Home Equity Portfolio to Black Knight

Commerce Bank, a Midwest-based regional bank, will migrate its home-equity loan portfolio to Black Knight's MSP servicing system. The decision was made to take advantage of the savings and efficiencies gained when loans are serviced on one platform. Commerce Bank, which has used the MSP system to service its first mortgages for 30 years, extended… Read more...