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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Critical capital Should CRE lending be off the table? You might also like this webinar on credit department housekeeping. They’re not your hometown.

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Citi Ventures Leads $28 Million Round for Client Management Startup HoneyBook

Bank Innovation

Citi Ventures led a $28 million Series C equity round for client management platform HoneyBook, the company announced today.

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Lending Startup Qwil Gets $24.4M In Equity Funding

PYMNTS

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015. The company charges a flat fee for the advance pay, at 20 percent.

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Blend releases loan officer tool to automate credit, underwriting pulls

BankInovation

Blend continues its push to automate aspects of mortgage loans, today releasing a lend officer tool that automates parts of the lending process. The San Francisco, Calif.-based

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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

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Qwil Lands $24.4M Equity Round To Grow SMB Lending Platform

PYMNTS

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015. The company charges a flat fee for the advance pay, at 20 percent.

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Lending Club Slapped With Shareholder Lawsuit

PYMNTS

Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late on Monday (May 16) in San Francisco that claims that the online lender inflated its share price by not being transparent about the company’s issues with managing itself.

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