Industry Briefs, Sept. 25, 2025
(Image courtesy of Markus Winkler via pexels.com)
Sagent Teams With Idaho Housing and Finance Association
Sagent, King of Prussia, Pa., has begun a partnership to aid the housing-affordability mission of the Idaho Housing and Financing Association.
IHFA is implementing Sagent’s Dara Claims platform, to power end-to-end default servicing.
The platform enables IHFA to deliver a seamless, data-driven claims process within its existing servicing system of record, connect with investors and handle any claim type.
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Rate Rolls Out Mobile App in Spanish
Rate, Chicago, announced the launch of the Rate App in Spanish; the company said it’s the first mortgage lender in the U.S. to offer a fully integrated mobile experience entirely in Spanish.
It enables Spanish-speaking users to search for homes, apply for a mortgage, track loan status, communicate with professionals who are bilingual and access educational content.
It’s part of a larger effort from Rate to ensure it fully serves Spanish-speaking homebuyers. Other parts of that effort include a digital mortgage application in Spanish, customer service and loan officers fluent in Spanish, loan disclosures and servicing in Spanish, the Same Day Mortgage product in Spanish, and marketing, advertising and negotiation available in Spanish.
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Argyle Announces Successful Investment Round
Argyle, New York, announced a strategic investment round with new participation from Mastercard.
The firm also received support from current investors Bain Capital Ventures, Checkr, Rockefeller Asset Management and SignalFire.
In June, Argyle launched verification of assets powered by Mastercard open finance technology.
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Pennymac Raises Loan Limits
Pennymac, Westlake Village, Calif., announced it is raising its GSE loan limits to $819,000, effective for new locks starting Sept. 19.
Government loan limits remain unchanged.
Loans with a DU Approve/Eligible will continue to be eligible for Value Acceptance and Value Acceptance + PDC. Acceptance + PDC. Loans with an LPA Accept/Eligible will continue to be eligible for ACE and ACE + PDR. Loans with an AUS Approve/Ineligible or Accept/Ineligible (ineligible for loan limits only) are eligible for delivery and will require a full appraisal, the company stated.
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Blue Sage’s Digital Lending Platform Selected by Merchants Bank
Blue Sage Solutions, Englewood Cliffs, N.J., announced that Merchants Bank, Carmel, Ind., has selected its Blue Sage Digital Lending platform to power its new Jumbo Correspondent Lending program.
The adoption will allow Merchants Bank to enhance efficiency, transparency and scalability across the entire purchase process for its new jumbo offering. The Seller/TPO portal will also enable a seamless experience for Merchants’ approved sellers.
The platform is intended to handle the entire mortgage lifecycle in a single environment.
And, over the next several months, Merchants Bank plans to roll out the platform across its wholesale and retail lending channels.
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