Banco Santander joined existing investors JPMorgan and USAA as well as others in raising $25 million in secondary-round financing for Roostify, which seeks to build a paperless mortgage process. ... Read full article
Despite digital mortgage advances, borrowers think it still takes too long to get a loan, J.D. Power finds in its annual customer satisfaction ranking of originators. ... Read full article
Stephen Sessler, the director of mortgage banking at the $4 billion-asset Camden National Bank, provides other lenders a peek at the benefits and pitfalls of digital mortgages. ... Read full article
Under Diane Morais, Ally Bank is growing deposits at a rate four times faster than the industry average. ... Read full article
Tech-savvy mortgage broker Sindeo is back in business, following an acquisition by Renren, a Chinese social media company and an investor in U.S.-based fintech firms including Social Finance and LendingHome. ... Read full article
It's not only regulation that is hurting profitability, but also banks' failure to adapt to the internet age, according to a recent study. ... Read full article
