Small Business Loans could be delivered faster through Fintechs

Coronavirus has put a strain on the organizations which has led to the emergence of loan applications by them for the purpose of survival. 820,000 small business loans have been allocated $205 Billion from the federal emergency funding according to the calculations of ABA Data Bank. Funds have been allocated, but when will they actually reach the owners who need them? It could take several weeks. A sudden increase in the demand for loans has...

SoFi To Acquire Galileo Financial Technologies

SoFi, the online personal finance company, today announced it has signed a definitive agreement to acquire Galileo Financial Technologies (“Galileo”), the powerful financial services API and payments platform. SoFi will pay total purchase consideration of $1.2B to acquire Galileo, comprising cash and stock. Galileo’s digital payments platform enables critical checking and savings account-like functionality via its powerful open APIs, providing companies with an easy way to create sophisticated consumer and B2B financial services. The company’s offerings are accessible via...

FirstClose Taps Industry Veteran Joe Dahleen as SVP of Strategy, Sales

FirstClose, a leading provider of technology solutions for mortgage lenders nationwide, has tapped Joe Dahleen as the company’s SVP of strategy and sales. He will be responsible for working with the company’s enterprise sales and product development. “We are excited to have Joe join our team with his depth of industry experience,” said Tim Smith, CRO and co-founder of FirstClose. “Our growth as a company directly correlates to how we present our technology and build...

New Vista Solutions Introduces FastTrack — A Cutting-Edge Solution to Help Refinance

AUSTIN, Texas, March 24, 2020 /PRNewswire/ — New Vista Solutions (NVS) recently unveiled FastTrack — a revolutionary new product for Refinance and Home Equity lenders that dramatically reduces costs and the time required to close loans. FastTrack is a bundle of settlement services that can be customized to fit each lender’s specific operational guidelines. The settlement products available in the bundle are designed to accelerate the loan closing process while maintaining compliance and cutting the cost of...

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