Mortgage tech news roundup: Oct. 14

Shaw also spoke about mortgage industry technology trends and other tech perspectives. Those insights are featured in a recent MPA story, which can be accessed here.

Flueid

Real estate technology company Flueid plans to accelerate its product diversification and growth, propelled by $20 million in new financing.

That includes $15 million in a Series B raise, and $5 million as a relationship extension with Silicon Valley Bank. Aquiline Technology Growth, a previous investor, led the Series B round, which also included previous investor Commerce Ventures.

Flueid’s platform uses title data and insights to fuel real estate transactions. It is designed to unlock data and embed it into core operation systems of point-of-sale platforms, lender operating systems, title production systems, servicing platforms and marketplaces. By doing so, it hopes to enable more efficient decision-making in different parts of the real estate process.

The company describes itself as a hybrid of insurtech, proptech and fintech. Its technology has supported more than one million transactions as of summer 2022 while adding purchase and home equity transactions to its platform’s existing refinance capabilities.