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2006 – FNF spins off FIS into a separate company. [3] 2008 – FIS spins off mortgage processing and services into Lender Processing Services, Inc. (LPS). [4] 2008 – LPS acquires McDash Analytics, one of the largest loan-level mortgage performance databases, which becomes the basis for a new Applied Analytics division. [5]
Ellie Mae Inc., originally named Electronic Mortgage Affiliates, [1] is a software company that processes 35% of U.S. mortgage applications. [2] The services are based on a software as a service model (SaaS), [3] and specializes in originating and funding new mortgage loans and facilitating regulatory compliance.
Finastra is a financial software company headquartered in London, England. [1] The company sells to the retail banking, transaction banking, lending, and treasury capital markets. [ 2 ] Finastra was formed in 2017 by the combination of London-based Misys, a provider of financial operations software, and global payments and lending technology ...
Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...
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In August 2022, Fleetcor acquired Accrualify, an accounts payable software firm. [56] In August 2023, Fleetcor sold its business in Russia and exited the market. [57] In March 2024, the company changed its name to Corpay. In May 2024, Corpay acquired Paymerang, a Richmond, Virginia headquartered accounts payable automation company for $475 ...
nCino, Inc. is an American financial technology company headquartered in Wilmington, North Carolina. [3] The company offers its cloud-based banking software and core banking platform. [3] The company's Bank Operating System is used by banks and credit unions. [4] As of 2022, nCino is used in more than 1,750 financial institutions.
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