Industry Briefs, Nov. 21, 2025
(Image courtesy of Markus Winkler via pexels.com)
Rice Park Capital Acquires Rosegate Mortgage
Rice Park Capital, Plymouth, Minn., has acquired Rosegate Mortgage, Charlotte, N.C.
The acquisition will support Rice Park’s MSR recapture and retention strategies; it enables Rice Park to pursue recapture through Rosegate for MSRs that do not have embedded recapture agreements. For those that do, it will continue to fully support and respect those partnerships.
Rice Park and Rosegate originally partnered in October 2024 to provide financing solutions for borrowers within Rice Park’s MSR portfolio.
Rosegate will continue to operate under its existing brand, maintain its headquarters and work to expand its retail and consumer-direct lending operations.
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First American Mortgage Solutions Launches equiRisk
First American Mortgage Solutions, Santa Ana, Calif., part of the First American family of companies, has launched equiRisk, a new title data-driven solution to accelerate collateral review on home equity loans while also aiming to reduce title risk.
It’s designed for use at point-of-sale for home equity or refinance transactions. equiRisk can provide comprehensive insights, including ownership, voluntary and involuntary liens, vesting information, property taxes, property value, HOA data, listing activity and FEMA alerts.
The new product is available through direct loan origination system or POS integration, API, batch delivery or the MyFirstAm portal.
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Cloudvirga Introduces Loan Hub
Cloudvirga, Irvine, Calif., launched Loan Hub, which will give loan officers, LO assistants and processors a modern, intuitive workspace to manage their pipelines, collaborate with borrowers and complete key tasks.
Loan Hub is the operational counterpart to Cloudvirga’s consumer-facing Tropos experience, and will centralize data, applicant interactions and communication tools.
It can help simplify pipeline management, accelerate application creation, keep loans moving and engage borrowers, among other features, the firm said.
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Outamation Announces OutamateMods Retention
Outamation, Southlake, Texas, announced the launch of OutamateMods Retention, a solution to help banks and financial institutions execute competitive-rate loan modifications on portfolios they own.
It provides lenders with the operational infrastructure to proactively retain customers before they refinance somewhere else.
Key capabilities include automated workflow management for rate-modification processing, comprehensive compliance tracking and documentation, integration with existing loan-servicing systems, portfolio analytics, borrower communication and document-management tools and that it’s purpose-built for portfolio loans owned by the lending institution.
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LenderLogix Expands LiteSpeed POS With AI
LenderLogix, Buffalo, N.Y., has launched AI Sidekick, an artificial intelligence feature built into its LiteSpeed POS platform.
AI Sidekick can support loan officers with simple tools to review loan files, update document needs lists and rapidly identify missing data.
The tool is built with SOC 2-compliant infrastructure and end-to-end encryption, and ensures that borrower data remains fully secure within lender’s Encompass environments.
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nCino Grows Offering With Eastern Bank
nCino, Wilmington, N.C., announced that Eastern Bank, Lynn, Mass., has expanded its loan origination and operations platform with nCino.
Eastern Bank selected the consumer banking and mortgage solutions to complement its existing commercial banking solution.
By connecting the platforms and customer data across product lines, Eastern Bank aims to enhance convenience and avoid friction points that used to require customers to navigate different systems for different loan types.
The project will also incorporate Alloy for enhanced fraud and identity decisioning capabilities and Zennify, a specialized data, AI and customer experience consulting partner.
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Click n’ Close Triples Warehouse Line Capacity
Click n’ Close, Addison, Texas, announced a significant expansion of its warehouse line capacity dedicated to growing its One-Time Close construction-to-permanent wholesale lending business.
The expansion is supported by Merchants Bank and other warehouse partners and triples Click n’ Close’s OTC capacity.
The One-Time Close program simplifies the construction-to-permanent financing process by combining land, construction and permanent mortgage financing into one transaction. It is available across FHA, VA, USDA and Section 184 loan types.
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NewDay USA Adds Admiral Certification Program
NewDay USA announced its Admiral Certification program, a national credential for real estate agents who serve veterans and service members looking to buy a home.
The certification aims to ameliorate barriers for such buyers, by educating, vetting and certifying real estate agents.
It establishes a network of trusted agents who understand the unique aspects of the VA Home Loan benefit. Agents who meet required criteria will be called “Admiral-Certified.” The criteria include veteran feedback, industry experience, verification of licensing and association with a brokerage and years of experience.
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