Technology

Dugan is replacing Rich Gagliano, who is moving to executive chairman after 18 months in charge of the now stand-alone mortgage technology provider.

The company turned to automation to address pain points it found in working with lines of credit that mortgage lenders are increasingly originating.

The law would have expanded the state's 12% interest rate cap in a manner that would have effectively banned fintech lending in the state.

Trade groups representing banks and utilities urged lawmakers to reauthorize the CISA law before it expires in September.

The new name Cotality, along with its latest tag line, reflects its role in serving and uniting the entire property ecosystem, company executives said.

ICE Mortgage Technology announced additions for its Encompass LOS, while Mortgage Cadence is bringing out a new version of MCP aimed at mid-sized depositories.

Large mortgage companies are targeting mergers and acquisitions as well as home equity lending in their 2025 business plans, Boston Consulting Group said.

Companies are starting to leverage tools such as artificial intelligence and machine learning as part of the property valuation and review process.

The Coalition for Financial Ecosystem Standards, a fintech group co-founded by Sima Gandhi, is publishing guidelines for how banks and others can assess them.