Innovations in Mortgage Technology and Insurance Integration

Xactus, a leading financial technology company specializing in credit verification for the mortgage sector, has acquired Mortgage Credit Link from MeridianLink. Now named XedaLink, the unit will operate as a subsidiary, maintaining its distinct structure and existing client relationships.

Newrez, a Pennsylvania-based mortgage lender-servicer, has introduced the Rezi Mortgage Assistant, an AI-driven tool integrated with ChatGPT. This assistant aims to provide consumers with straightforward information on mortgages and home equity based on Newrez’s lending policies and guidelines. Additionally, Newrez has partnered with Matic to integrate its digital insurance marketplace into the HomeHub portal, allowing customers to compare homeowners insurance options and receive real-time quotes.

GO Mortgage has announced the establishment of a third-party origination (TPO) channel, led by Rob Saunders as the executive vice president of TPO production. The wholesale platform is set to launch initially to a select group of broker partners, allowing for a testing period to gauge scalability before a broader national rollout.

Planet has expanded its offerings to include non-agency loans, unveiling non-qualified mortgage products with features like alternative income and debt-service coverage ratio (DSCR) options. The Connecticut-based lender noted significant adoption from its network of approximately 800 lending partners.

In celebration of its 20th anniversary, Panorama Mortgage Group has rebranded as SimplyPMG, unifying its Alterra Home Loans and Travisa Financial channels under one brand. This strategic rebranding emphasizes the company’s commitment to streamlining the loan process.

CommLoan, a commercial real estate technology firm, has launched a quote generator for the commercial lending sector. This advanced tool utilizes AI to help brokers access lender matches tailored to their specific deal criteria, analyzing data from over 600,000 loan programs across more than 1,000 lenders.

The Mortgage Collaborative has partnered with The Zebra to connect borrowers with home insurance options during the mortgage origination process. Starting June 2, lender members can guide borrowers to The Zebra’s platform to compare insurance quotes from various carriers, with compensation for referrals provided.