loan origination

SoFi Adds $3.2 Billion in Commitments to Loan Platform Business
SoFi Adds $3.2 Billion in Commitments to Loan Platform Business
April 17, 2025  |  Loans

SoFi has secured agreements that amount to a $3.2 billion expansion to its Loan Platform Business, which refers prequalified borrowers to loan origination partners and...

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Plaid and Algebrik Launch CU-Focused Loan Origination Platform
Plaid and Algebrik Launch CU-Focused Loan Origination Platform
February 03, 2025  |  Partnerships

Plaid has launched a partnership with loan origination platform Algebrik AI. The collaboration, announced Monday (Feb. 4), will integrate Plaid’s consumer-permissioned data with Algebrik, allowing for easier identity verification,...

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Report: Ally Cutting Jobs and Ending Mortgage Originations
Report: Ally Cutting Jobs and Ending Mortgage Originations
January 08, 2025  |  Consumer Finance

Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business. The company will lay off less than 5% of its...

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Amount Debuts AI Policy Optimizer for Risk Assessment, Credit Underwriting
Amount Debuts AI Policy Optimizer for Risk Assessment, Credit Underwriting
October 24, 2024  |  artificial intelligence

Credit underwriting strategy can be an untapped competitive advantage for lenders. It turns out analytics can be used to automate and improve that too. To...

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Amount Targets ‘Deposit Drift’ With Account Opening Platform
Amount Targets ‘Deposit Drift’ With Account Opening Platform
October 15, 2024  |  Banking

Banking technology firm Amount has introduced its unified account opening and loan origination platform. The new solution is designed to help banks and credit unions reduce costs,...

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Lama AI and Bridge Partner to Connect Businesses and Lenders
Lama AI and Bridge Partner to Connect Businesses and Lenders
August 21, 2024  |  artificial intelligence

Lama AI and Bridge have partnered to expand the availability of commercial loans. With this collaboration, the financial institutions using Lama AI’s artificial intelligence (AI)-powered...

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Account Onboarding Gets Its AI Makeover
Account Onboarding Gets Its AI Makeover
August 20, 2024  |  Fraud Prevention

Here’s the thing about fraud: You don’t want to have to calculate the ROI of fraud when it’s too late. Because the flip side can...

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Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
October 25, 2023  |  Partnerships

Bain Capital and Smith Hill Capital have formed a joint venture aimed at serving the finance needs of companies and assets in the hospitality sector. With a goal...

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LoanDepot Posts Loss, but Origination Volume Up 27% from Q1
LoanDepot Posts Loss, but Origination Volume Up 27% from Q1
August 08, 2023  |  Earnings

Mortgage company loanDepot released its second-quarter earnings Wednesday and saw a seasonal bump in loan originations. On Wednesday, July 7, loanDepot posted a quarterly loss...

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