Industry Briefs, March 12, 2025
(Image courtesy of Markus Winkler via pexels.com)
Rocket Cos., Enters Deal to Acquire Redfin
Rocket Cos., Detroit, has entered into an agreement to buy Redfin, Seattle, in all-stock deal that values Redfin at $2.4 billion.
A statement from Redfin CEO Glenn Kelman noted the sale is anticipated to close in the second or third quarter. Until then, Redfin will keep running a separate business entity; after the sale closes, it will run as a business owned by Rocket.
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Xactus Introduces Intelligent Verification, Brings FICO Score Mortgage Simulator to Market
Xactus, Broomall, Pa., announced a new class of technology called Intelligent Verification. Additionally, it has become the first technology partner to bring the FICO Score Mortgage Simulator to market.
Xactus360, which the company says is the industry’s first Intelligent Verification platform, can integrate with POS and LOS systems to provide verifications. That will allow clients to eliminate unnecessary data pulls and improve efficiency.
Xactus stated that an Intelligent Verification platform is a “data-driven, scalable delivery vehicle that reframes how, what, and when verifications occur.”
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Xactus also announced that FICO has teamed with Xactus as its first technology partner to bring the FICO Score Mortgage Simulator to market. It can be accessed via Xactus360.
It is now the only score simulator for mortgage professionals that uses FICO Scores and FICO Score algorithms. It can simulate possible impacts to consumers’ FICO Scores and includes a variety of scenarios to simulate the impact of potential changes to their credit report data.
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Polly Announces Partnerships
Polly, San Franciso, announced partnerships with Uplist, Bellevue, Wash., Cordless.co, Tempe, Ariz., and LendingPad, McLean, Va.
The integration with Uplist allows loan officers on the Uplist platform to access Polly’s Product, Pricing and Eligibility Engine and real-time rate data within Uplist’s suite of products, including its comprehensive refinance solution, Recapture.
It will provide loan officers with timely rate information, allowing them to identify strategic refinance opportunities and provide high-impact client service.
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Corldess.co and Polly have partnered to combine Cordless’ technological and marketing expertise with Polly’s PPE. Cordless will integrate the PPE into its platforms, ensuring real-time accurate rate information is delivered to consumers.
It will help borrowers make more informed solutions and lenders to attract and retain clients. Cordless will also support lenders using Polly’s technology with a suite of marketing solutions, including targeted advertising, lead generation and client engagement strategies.
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Finally, LendingPad announced an integration with Polly, allowing mortgage professionals to access Polly’s PPE within LendingPad’s platform, helping to streamline the pricing and lock process.
The integration allows mutual customers to launch Polly’s PPE directly within the LendingPad platform, leveraging a data stream between both systems. Benefits include strategic pricing flexibility, intelligent workflow automation and an enhanced loan officer experience.
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Mortgage Capital Trading Launches Atlas
Mortgage Capital Trading, San Francisco, announced the release of Atlas, an AI adviser made available via the MCTlive! Platform.
Atlas can serve as a virtual capital markets expert and educational resource for MCT’s lender clients.
Atlas is currently designed for expertise distribution, and will soon expand to include agentic report summarization and the ability to conduct core processes.
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Blend Introduces Rapid Home Lending
Blend, San Francisco, announced Rapid Home Lending, a suite of software solutions to help lenders respond to a dynamic housing market.
It’s designed for both refinance and home equity lending and combines automation and data intelligence, among other features. It offers seamless data connectivity, personalized offers for borrowers, a single integrated platform for refinance and home equity and faster closings with automated workflows.
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TransUnion, Truework Align on Verification of Income, Employment
TransUnion, Chicago, announced it has aligned with Truework, San Francisco, to provide mortgage lenders more reliable access to verification of income and employment information.
Truework’s TruVision Income and Employment Verification enables an income and employment verification waterfall now available via the TransUnion API. It includes instant data for 48 million-plus active employee records, consumer-permissioned payroll covering 90% of U.S. employers and automated outreach to HR departments and third-party providers.
The announcement follows the introduction of a similar TransUnion solution, also powered by Truework, for the purposes of rental screening.
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Calque Teams With Multiple Companies
Calque, Austin, announced partnerships with a number of companies.
EDGE Home Finance, Converse, Texas, will offer Calque’s buy-before-you-sell loan programs, including The Trade-In Mortgage and Contingency Buster.
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Calque also announced that Capital New York Home Advantage, Malta, N.Y., will bring The Trade-In Mortgage and other buy-before-you-sell programs to homebuyers across New York.
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And, X5 Home Home Loans, Portsmouth, N.H., has integrated Calque’s buy-before-you-sell programs into its offerings.
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STRATMOR Releases AI Resource
STRATMOR GROUP, Denver, released “All Aboard the AI Train: A Practical Roadmap for Lenders,” a guide to show lenders how to leverage AI to enhance efficiency, ensure compliance and improve the customer experience.
Written by Kris van Beever, principal at STRATMOR Group, it highlights the impact of AI on operational efficiency, risk management, customer experience, data analytics and marketing.
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