AD Mortgage Announced the Launch of Apex Prime

AD Mortgage, a leading wholesale lender in the United States, today announced the launch of Apex Prime, a new premier Non-QM pricing tier designed for high-credit borrowers who demonstrate strong credit profiles, lower leverage, and stable repayment histories. Built as an enhanced version of the company’s existing Super Prime offering, Apex Prime expands AD Mortgage’s Non-QM product suite by rewarding stronger borrower profiles with improved pricing opportunities. The program is available across multiple AD Mortgage Non-QM solutions, including...

Community Choice Credit Union Selects Upstart for Personal Lending

Community Choice Credit Union, a member-owned financial institution with more than 114,000 members and over $2 billion in assets, has partnered with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to offer personal loans to more consumers. “Community Choice Credit Union’s mission is to help our neighbors achieve the life they desire,” said Devin Neu, Vice President of Consumer Lending at Community Choice Credit Union. “Through our partnership with Upstart, we’re providing fast,...

HES FinTech Earns SOC 2 Attestation

HES Fintech LLC, a leading provider of lending software for banks, alternative lenders, and financial institutions, today announced that it has successfully completed its System and Organization Controls (SOC) 2 examination. The result marks a major step in the company’s data protection program and reinforces its commitment to safeguarding customer information. The independent audit was performed by Johanson Group LLP, a recognized certification body specializing in helping organizations achieve and maintain global compliance standards. Tangible...

Barings Closes Over $19 Billion for Global Direct Lending Strategy

Barings, one of the world’s leading global alternative investment managers, today announced the successful close of over $19 billion in committed capital for its Global Direct Lending strategy, garnering interest from a diverse group of institutional, insurance and wealth clients. The two-year fundraising period coincided with strong and sustained deployment activity, including over $18 billion across 355 transactions globally. “We are thrilled to reach this milestone and grateful to our global investor base as we...

Upstart Appoints Tim Wennes to Its Board of Directors

Upstart, the leading AI lending marketplace, that Tim Wennes has been appointed to the company’s Board of Directors, effective May 28, 2026. “Tim brings decades of experience in every flavor of consumer lending, most notably auto,” said Paul Gu, CEO of Upstart. “His background is a perfect match for Upstart as we scale towards our ambition of having the best credit product for every segment of American consumers.” Wennes brings over 35 years of financial...

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