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HOME-MORTGAGE LENDING NEAR TWO-DECADE LOW AS SLUMP CONTINUES ACROSS U.S. DURING FOURTH QUARTER

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3 years ago

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Residential Loans Drop Another 14 Percent; Purchase, Refinance and Home-Equity Lending All Decline

IRVINE, Calif., Feb. 29, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property, and real estate data, today released its fourth-quarter 2023 U.S. Residential Property Mortgage Origination Report, which shows that 1.35 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the fourth quarter, representing a 13.8 percent decline from the prior quarter. The drop-off marked the tenth in the last 11 quarters.

The fourth-quarter fallback left total residential lending activity down 16.5 percent from a year earlier and 67.7 percent from a high point hit in the first quarter of 2021. It came amid another period of elevated home prices and mortgage rates along with low supplies of homes for sale.

Ongoing declines in lending activity during the fourth quarter resulted from losses in all major categories of residential lending. Purchase-loan activity went down another 18.4 percent quarterly, to about 618,000, while refinance deals slumped 7.9 percent, to 488,000. Home-equity credit lines sank 12.7 percent, to 241,000.

Measured monetarily, lenders issued $417.4 billion worth of residential mortgages in the fourth quarter of 2023. That was down 14.9 percent from the third quarter of 2023 and 18.6 percent from the fourth quarter of 2022.

The different pace of change among various loan types helped raise the portion of all residential mortgages represented by refinance packages back above one-third, although that level remained far less than where it was three years ago before interest rates started to climb above historically low levels. Purchase loans continued to slip back below half of all mortgages but were still the most common form of mortgage. Home-equity loans dipped further below 20 percent of all activity.

“Multiple powerful forces continued to conspire against the mortgage industry during the fourth quarter, slicing back huge portions of their business,” said Rob Barber, CEO at ATTOM. “There were signs during the peak buying season of 2022 that things were starting to turn around, with increases in purchase, refinance and HELOC deals. That could happen again this year as we head into this year’s peak period, especially with interest rates coming down recently. But the fourth-quarter numbers revealed continued gloomy times for lenders, no matter how you sliced the pie.”

Home-mortgage lending took another fall at the end of 2023 as average interest rates for 30-year fixed loans rose to between 7 percent and 8 percent. That further drove up home ownership costs at a time when record home prices in most of the country already were unaffordable, or a significant financial stretch, for average wage earners. Purchase lending took an additional hit from low supplies of homes for sale that helped reduce the number of properties available for potential mortgages.

Total lending activity down in more than 90 percent of nation 
Banks and other lenders issued a total of 1,346,479 residential mortgages in the fourth quarter of 2023, down from 1,562,600 in the third quarter of 2023. The fallback resumed a nearly three-year run of declines that was broken only by a spike in the second quarter of last year.

The latest total also was down annually from 1,612,777 in the fourth quarter of 2022, and from a recent high point of 4,164,755 hit three years ago.

A total of $417.4 billion was lent to homeowners and buyers in the fourth quarter, which was down from $490.3 billion in the prior quarter and down from $512.7 billion in the fourth quarter of 2022. The latest figure stood at barely more than one-third of the recent quarterly peak of $1.29 trillion hit in the second quarter of 2021.

Overall lending activity dipped lower from the third to the fourth quarter of last year in 184, or 96 percent, of the 191 metropolitan statistical areas around the U.S. that had a population of 200,000 or more and at least 1,000 total residential mortgages issued from October through December of 2023.

Total lending also remained down from the fourth quarter of 2022 in 183, or 96 percent, of the metro areas analyzed. It was off by at least 15 percent annually in slightly more than half of those markets.

The largest quarterly decreases were in Anchorage, AK (total lending down 45.3 percent from the third quarter of 2023 to the fourth quarter of 2023); St. Louis, MO (down 42 percent); Charleston, SC (down 33.5 percent); Rochester, NY (down 31.5 percent) and South Bend, IN (down 25.7 percent).

Aside from St. Louis and Rochester, metro areas with a population of least 1 million that had the biggest decreases in total loans from the third quarter of 2023 to the fourth quarter of 2023 were Raleigh, NC (down 22.6 percent); Portland, OR (down 22.1 percent) and Denver, CO (down 21.8 percent).

The biggest quarterly increase, or the smallest decreases, among metro areas with a population of at least 1 million came in Buffalo, NY (total lending up 19 percent from the third to the fourth quarter of 2023); Atlanta, GA (down 3 percent); Washington, DC (down 3.6 percent); Orlando, FL (down 5.2 percent) and Fresno, CA (down 5.7 percent).

Refinance mortgage originations down after two straight gains
Lenders issued 487,671 residential refinance mortgages in the fourth quarter of 2023, down from 529,683 in the third quarter. The fallback followed increases in the prior two quarters.

The latest figure was down 5.3 percent from 514,915 in the fourth quarter of 2022 and was 82.2 percent less than a peak of 2,742,931 reached in early 2021.

The $146.2 billion dollar volume of refinance packages in the fourth quarter of 2023 was down 7 percent from $157.2 billion in the third quarter and 13.6 percent from $169.3 billion in the fourth quarter of 2022.

Refinancing activity shrank quarterly in 157, or 82 percent, of the 191 metro areas around the U.S. with enough data to analyze. It was down annually in 123, or 64 percent, of those metros.

The largest quarterly decreases were in Anchorage, AK (refinance loans down 46.9 percent from the third quarter to the fourth quarter of 2023); St. Louis, MO (down 39.2 percent); South Bend, IN (down 35 percent); Rochester, NY (down 31.5 percent) and Springfield, IL (down 25.4 percent).

Aside from St. Louis and Rochester, metro areas with a population of least 1 million where refinance activity decreased most from the third quarter to the fourth quarter of 2023 were Memphis, TN (down 23 percent); Raleigh, NC (down 21.7 percent) and Tulsa, OK (down 17.1 percent).

Metro areas with a population of least 1 million and the largest increases in the number of refinance loans from the third quarter to the fourth quarter of 2023 were Buffalo, NY (up 25.9 percent); Washington, DC (up 16.3 percent); Las Vegas, NV (up 11.8 percent); Baltimore, MD (up 6.7 percent) and San Diego, CA (up 6.2 percent).

Refinance packages comprised 36.2 percent of all loan originations in the fourth quarter of 2023. That was up from 33.9 percent in the prior quarter and from 31.9 percent in the fourth quarter of 2022, although still far less than the 65.9 percent portion in the first quarter of 2021.

Purchase mortgages dip again throughout U.S. after a brief surge
Loans issued to home buyers fell back in the last few months of 2023 for the second straight quarter after a surge of nearly 30 percent in the Spring of last year.

The latest total of 618,244 was down from 757,366 in the third quarter of 2023. It was also down 20.2 percent from 774,493 a year earlier and almost 60 percent from a high point hit in the Spring of 2021.

The $227.6 billion dollar volume of purchase loans in the fourth quarter of 2023 was down 20.1 percent from $284.7 billion in the third quarter and 18.9 percent from $280.6 billion in the fourth quarter of 2022.

Residential purchase-mortgage originations decreased quarterly in 183 of the 191 metro areas in the report (96 percent) and annually in 93 percent of those markets.

The largest quarterly decreases were in Sioux Falls, SD (purchase loans down 66.8 percent from the third to the fourth quarter of 2023); St. Louis, MO (down 46.2 percent); Anchorage, AK (down 44.1 percent); Birmingham, AL (down 40 percent) and Charleston, SC (down 39.3 percent).

Home-purchase borrowing comprised 45.9 percent of all loan originations in the fourth quarter of 2023, down from 48.5 percent in the prior quarter and 48 percent in the fourth quarter of 2022. But the latest level was still way up from 29.6 percent in early 2021 when refinance deals were dominating the lending business.

HELOC lending also falls in most markets
Home-equity lines of credit (HELOCs) also decreased in the fourth quarter of 2023, declining to 240,564 from 275,551 in the third quarter. The latest figure was down 25.6 percent from 323,369 a year earlier. The latest decrease marked the second in a row after a brief uptick last Spring.

The $43.6 billion volume of HELOC loans in the fourth quarter of 2023 was down from $48.4 billion in the third quarter, a 9.8 percent decline. The latest level also was down annually, by 30.6 percent.

HELOCs comprised 17.9 percent of all loans in the most recent quarter. That was down from 20.1 percent in the fourth quarter of 2022 but still four times the level recorded in the early part of 2021.

HELOC mortgage originations decreased from the third quarter of 2023 to the fourth quarter of 2023 in 87 percent of the metro areas analyzed. The largest quarterly decreases in metro areas with a population of at least 1 million were in Honolulu, HI (down 36.3 percent from the third to the fourth quarter of 2023); St. Louis, MO (down 34.3 percent); Rochester, NY (down 31.6 percent); New Orleans, LA (down 23.9 percent) and Milwaukee, WI (down 22.7 percent).

The largest quarterly increases in HELOC activity in metro areas with a population of at least 1 million and sufficient data to analyze came in Kansas City, MO (up 15.4 percent); Dallas, TX (up 6.7 percent); San Diego, CA (up 6.4 percent); Houston, TX (up 5.2 percent) and Washington, DC (up 4.9 percent).

FHA loan portions go up again while VA lending decreases
Mortgages backed by the Federal Housing Administration (FHA) rose as a percentage of all lending for the ninth straight quarter. They accounted for 211,184, or 15.7 percent, of all residential property loans originated in the fourth quarter of 2023. That was up from 15.1 percent in the third quarter of 2023 and 11.9 percent in the fourth quarter of 2022.

Residential loans backed by the U.S. Department of Veterans Affairs (VA) totaled 58,931, or 4.4 percent, of all residential property loans originated in the fourth quarter of 2023. That was the down from 4.8 percent in the previous quarter and from 5.3 percent a year earlier.

Purchase loan amounts and down payment percentages both decline
As the national median home price decreased in the fourth quarter of 2023, typical single-family home loan amounts and median down-payment percentages also ticked lower.

Among homes purchased with financing in the fourth quarter of 2023, the median loan amount was $305,900. That was down 4.1 percent from $319,113 in the prior quarter, although still up annually by 1.7 percent, from $300,700.

The median down payment of $32,500 on single-family homes purchased with financing in the fourth quarter of 2023 also was down, by 7.1 percent, from $35,000 in the third quarter of 2023. The latest figure represented 9 percent of the median home price, down slightly from 9.2 percent in the third quarter but unchanged from the fourth quarter of 2022.

Report methodology
ATTOM analyzed recorded mortgage and deed of trust data for single-family homes, condos, town homes and multi-family properties of two to four units for this report. Each recorded mortgage or deed of trust was counted as a separate loan origination. Dollar volume was calculated by multiplying the total number of loan originations by the average loan amount for those loan originations.

About ATTOM
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include ATTOM Cloud, bulk file licenses, property data APIs, real estate market trends, property navigator and more. Also, introducing our newest innovative solution, making property data more readily accessible and optimized for AI applications– AI-Ready Solutions. 

Media Contact:
Megan Hunt
megan.hunt@attomdata.com 

Data and Report Licensing:
datareports@attomdata.com

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Legrand Launches Starline T5 DoubleBar, the Highest Ampacity Open-Channel Track Busway with Most Pluggable Space

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38 minutes ago

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October 20, 2026

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WEST HARTFORD, Conn., Oct. 20, 2026 /PRNewswire/ — Legrand, the global specialist in electrical and digital building infrastructures, today launched the Starline T5 DoubleBar track busway. Engineered specifically for high-density environments, the T5 DoubleBar offers the highest ampacity open-channel busway available on the market with the most pluggable space, addressing the exponential power demands of artificial intelligence and high-performance computing.

By featuring a configuration with two T5 bars in parallel, the system delivers up to 2000A, enabling robust power distribution for high-density environments. This hybrid busway design successfully combines open-channel flexibility with busduct-level ampacity for maximum adaptability.

“As AI workloads push rack densities past 100kW, data center operators have been forced into a clear trade-off: install heavy, rigid busducts to get high amperage, or use track busways to maintain operational flexibility,” said Mark Swift, Vice President of Engineering for Starline, a brand of Legrand. “With the T5 DoubleBar, we’ve completely eliminated that compromise. By delivering 2000A in a continuous open-channel architecture, we give operators the raw power density of a traditional busduct without forcing them to clutter their white space with redundant  busway runs or sacrifice the agility to reconfigure on the fly.”

Key Features and Benefits of the Starline T5 DoubleBar

The T5 DoubleBar eliminates spacing constraints common in traditional busduct systems and minimizes the whitespace footprint in dense data center layouts.

Unmatched AI & HPC Support: The system handles rack loads up to 150kW, meeting next-gen data center demands. It is also compatible with LVDC installations to 1000VDC.Increased Pluggable Space: The high-density double-bar architecture utilizes parallel conductors to increase amperage and pluggable space without increasing the system’s footprint.Zero-Downtime Reconfiguration: Hot-pluggable tap-off capability allows for the safe, live installation and removal of tap-off units without a system shutdown, maximizing operational continuity.True Modularity and Scalability: The modular design supports multiple ratings without system redesign. Furthermore, it is designed for future expansion up to 5000A, protecting long-term capital investments.Complete T5 Ecosystem Compatibility: The system maintains open-channel plug-in access and full compatibility with all existing T5 plug-in units.

Launching Alongside High-Capacity Plug-in Unit (HCP)

To complete this end-to-end high-density power distribution system, Legrand is simultaneously launching a new High-Capacity Plug-in Unit (HCP) designed for seamless integration directly on T5 infrastructure, including the new DoubleBar.

These new plug-in units offer up to 250A capacity and multiple enclosure formats, delivering more power through a single unit. By powering high-density AI and HPC racks directly, the HCP reduces the need for multiple lower-amperage plug-ins, simplifying the overall power delivery architecture.

For more information on the Starline T5 DoubleBar and High-Capacity Plug-in Units, visit the Starline website.

About Legrand:

Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use. Legrand reported sales of €9.5 billion in 2025. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC Transition Climat indexes (code ISIN FR0010307819). www.legrand.us

Media Contact:

Jaymie Scotto & Associates
+1 866.695.3629 ext. 19
jsa_legrand@jsa.net

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Trinity Acquires Verix, Adding AI-Powered Next-Best-Action and Omnichannel Orchestration to the TrinityEDGE Platform

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39 minutes ago

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October 20, 2026

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Verix’s patented Tovana™ platform and its full team join Trinity, extending TrinityEDGE™ from what commercial teams know into what they do next

WALTHAM, Mass., Oct. 20, 2026 /PRNewswire/ — Trinity, the leader in integrating human and artificial intelligence for life sciences commercialization, today announced it has acquired Verix, the pharma-native commercial intelligence company behind the patented, AI-powered Tovana™ platform. Tovana is live today in global pharma, biotech, and specialty pharma commercial organizations, where it turns prescription, claims, clinical, and engagement data into continuous next-best-action, dynamic targeting, and omnichannel orchestration for brand, field, and digital teams. The acquisition brings Verix’s entire team into Trinity and adds an AI execution layer to TrinityEDGE. Terms were not disclosed.

Why now

Pharma has already bought AI but has not yet realized the pay off. Trinity’s 2025 Commercial and Medical IT benchmark found that 100 percent of surveyed organizations had adopted generative AI in some capacity, yet innovation confidence averaged just 3 out of 5, and every respondent described their organization as only somewhat prepared to respond rapidly to industry change. A separate Trinity benchmark of new product planning and commercial strategy leaders found only 10 percent had a clear AI strategy they were scaling across workflows. Adoption is universal yet impact is not.

The reason is rarely the model. It is the distance between an insight and the moment someone acts on it. Targeting lists go stale between planning cycles. Omnichannel plans degrade. Next-best-action tools get ignored because reps cannot see why they should trust them. Brands pay twice, once for insight and again for a separate execution vendor, and still struggle to show impact. Closing that insight-to-action loop is the problem TrinityEDGE with Tovana will solve.

The acquisition also advances Trinity’s growth strategy. Over the past three years Trinity has augmented its advisory and insights services with the TrinityEDGE productized commercialization platform, adding software, data, and AI alongside 1,500 professionals in 14 offices on five continents. Verix deepens Trinity’s presence with the brand, field, and digital buyers who sit beyond its traditional strategy and insights relationships, and establishes a dedicated AI and product development center to build and ship commercial AI at scale.

Proof, not promise

Tovana is not a new build. It has been developed and validated in live pharmaceutical and biotech deployments since 2007, across large global pharma, mid-size biotech, and specialty and rare disease organizations.

Deployed at scale in oncology and specialty markets. Tovana supports commercial teams at global pharmaceutical companies and emerging biotechs, including publicly referenced work and support for the U.S. launch of a targeted oncology immunotherapy in a market its sponsor estimates at more than $400 million.

Measured commercial lift. One of the largest pharmaceutical oncology divisions in the United States increased leading KPIs, including new prescriptions, by 15 to 25 percent with Tovana. A rare oncology therapy team improved field-facing NPS by 12x.. A medical device commercial team improved sales outcomes within three months of implementation.

Time to value measured in weeks. Tovana’s pharma-specific data foundation, automated data pipelines, and pre-built model toolkit mean clients adopt targeting and engagement models already proven in live deployments, with rapid configuration and deployment inside a single planning cycle.

What clients get

A plan that holds up between quarters. Targeting, segmentation, and channel mix update against what the market is actually doing, so the engagement plan approved in January is still the plan operating in June.

Guidance the field will actually use. Recommendations arrive sourced and explainable, grounded in Trinity’s therapeutic, launch, and benchmarking depth, and delivered inside the field workflow through FieldAdvisor. That is the difference between a next-best-action a rep follows and one a rep ignores.

One partner instead of two. Existing Trinity clients get a path from insight they already own to execution, without standing up another vendor or rebuilding integrations. Existing Verix clients keep the product, roadmap, and support they rely on, and gain Trinity’s launch, market access, and competitive benchmarking context.

Tovana capabilities will be progressively integrated into the TrinityEDGE single sign-on environment over the coming months, strengthening CustomerEDGE™ execution, with the first joint offerings expected to reach clients in 1H 2027. Verix CEO Doron Aspitz joins Trinity’s leadership team and will continue to guide the Tovana roadmap.

Leadership perspective

“Every commercial leader I meet is asking how to put AI to work where it actually changes a call, a channel mix, or a forecast,” said Scott Evangelista, Chief Executive Officer of Trinity. “Insight has outpaced execution. Teams are rich in disparate analysis and thin in decisive action in front of a customer. Verix closes that gap. Next-best-action, dynamic targeting, and omnichannel orchestration now sit inside TrinityEDGE, proven in live pharma deployments and backed by 30 years of therapeutic and commercial judgment. That is what it means to lead in integrating human and artificial intelligence for life sciences commercialization.”

“We built Verix on one conviction: commercial teams deserve intelligence that is timely, explainable, and usable in the flow of work,” said Doron Aspitz, Chief Executive Officer of Verix. “Joining Trinity is the natural next step. Clients keep the product they rely on and gain the launch, access, and competitive context that tells them whether performance is genuinely competitive. I am proud of what our teams have built and energized by what we can now build together.”

About Verix

Verix is a leading provider of advanced commercial optimization solutions for the life sciences industry. Its flagship product, Tovana™, is a patented, AI-powered SaaS platform that enables life sciences companies to optimize commercial strategy and execution. Tovana integrates advanced machine learning, agentic workflows, and deep domain expertise into a single, intuitive platform, supporting dynamic targeting and segmentation, next best action, omnichannel orchestration, patient discovery, therapeutic landscape analysis, opportunity assessment, and bottom-up forecasting. Founded in 2007, Verix serves pharmaceutical, biotech, and specialty pharma commercial organizations from offices in the United States and Israel.

About Trinity

Trinity is a life sciences commercialization company that combines deep therapeutic, functional, and commercial expertise with AI-powered platforms. For more than 30 years, pharmaceutical, biotech, and medtech companies have relied on Trinity to connect strategy, data, and execution—supporting better decisions, more confident launches, and sustained commercial performance. Trinity helps clients turn insight into action and bring innovations to market with greater speed and confidence. Learn more at trinitylifesciences.com.

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Baker Hill Launches $10,000 Battle of OKC Pitch Competition for Veteran Entrepreneurs

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40 minutes ago

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October 20, 2026

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New competition brings Baker Hill, The Verge OKC, IVMF, Gradient, and Oklahoma SBDC together to support Oklahoma veterans as they build and grow businesses

OKLAHOMA CITY, Oct. 20, 2026 /PRNewswire/ — Oklahoma veteran entrepreneurs will have the opportunity to compete for $10,000, showcase their businesses and connect with resources to help them grow through Battle of OKC, a new business pitch competition culminating live on Veterans Day in Oklahoma City.

Baker Hill today announced the competition in collaboration with The Verge OKC and the Institute for Veterans and Military Families (IVMF), Gradient and Oklahoma SBDC. Battle of OKC will bring veteran entrepreneurs together with business leaders, mentors and community resources while giving them a platform to put their ideas and businesses in the spotlight.

“Veterans know how to lead, adapt and find a way forward when the path isn’t obvious — the same qualities it takes to build a business,” said Andy Ivankovich, chairman and CEO of Baker Hill. “Battle of OKC is about putting opportunity behind that potential. We want to give veteran entrepreneurs a platform to tell their stories, connect with people and resources that can help them grow and compete for capital that can make a meaningful difference in what comes next.”

Battle of OKC is open Veteran entrepreneurs whose business is majority veteran-owned, has operated for at least one year, and is registered in Oklahoma. Applicants will begin by submitting a three-minute video introducing their business, the opportunity they see and why they are ready to take the next step. A panel will select 10 entrepreneurs to advance to finals.

Ten finalists will then advance to the live Battle of OKC on Veterans Day, Wednesday, Nov. 11, at the Verge in Oklahoma City, where they will pitch before a panel of judges and compete for a $10,000 grand prize.

The Verge OKC, a nonprofit community that helps turn ideas into impactful businesses, will help recruit and coach participating entrepreneurs throughout the competition.

“The Verge is all about connecting entrepreneurs with the people, resources, and opportunities they need to turn their ideas into thriving businesses”, said Kristin Garcia, Executive Director. “We’re excited to be part of Battle of OKC and to purposefully create space for our military community to engage with Oklahoma’s entrepreneurial ecosystem. Veterans bring valuable skills, leadership, and unique perspectives to business ownership, and they deserve to know there’s a community here ready to support them as they build and grow their businesses.”

The D’Aniello Institute for Veterans and Military Families (IVMF), will provide support outreach and recruitment/connect participating veterans with entrepreneurship resources/provide expertise.

“Just last month, we brought together veteran entrepreneurs, business leaders, and community partners in Oklahoma City for the Military Entrepreneurship Forum. Battle of OKC is a great example of how that momentum continues, with the community coming together to recognize, celebrate, and invest in Oklahoma’s veteran-owned businesses, said Barbara E. Carson, Managing Director, Programs and Policy. D’Aniello Institute for Veterans and Military Families. “At the D’Aniello IVMF, we know that when veteran entrepreneurs have access to the right networks, resources, and opportunities, they can build thriving businesses that strengthen their communities.”

Oklahoma SBDC will also provide recruitment and pitch coaching for the finalists the week of the event. “This collaboration brings together partners with complementary expertise to support Oklahoma’s veteran business owners,” said Dr. Michele Hockersmith, state director of the Oklahoma SBDC. “Our role is to help entrepreneurs connect their pitch to a sound business strategy, with clear financials and realistic growth plans. That preparation has value for the competition and beyond.”

Battle of OKC is designed to provide more than a stage and a prize. By bringing together veteran entrepreneurs, business leaders and organizations committed to supporting entrepreneurship, the competition creates connections and access to expertise that can continue well beyond the final pitch.

Veteran entrepreneurs interested in competing can learn more about eligibility and submit their three-minute video pitch at www.bakerhill.com/okc. Applications close October 29. Ten finalists will be selected to compete live in Oklahoma City on Veterans Day.

About Baker Hill
Baker Hill is the leading provider of commercial lending technology for banks and credit unions across the United States. Each month, financial institutions use Baker Hill’s platform to process more than $7 billion in lending originations — helping them Lend Better, Lend Faster, and Lend More™ in their communities. Backed by Flexpoint Ford, a private equity firm, Baker Hill delivers the scale, security and innovation required to meet the demands of modern banking. The company is headquartered in Carmel, Indiana, with operations in Santa Barbara, California. For more information, visit www.bakerhill.com.

About The Verge OKC
The Verge OKC, a 501(c)(3) nonprofit community that helps turn ideas into impactful businesses, will help recruit and coach participating entrepreneurs throughout the competition. Learn more: https://www.vergeokc.com 

About the D’Aniello Institute for Veterans and Military Families
The IVMF at Syracuse University is higher education’s first interdisciplinary academic institute, singularly focused on advancing the post-service lives of the nation’s military veterans and their families to serve those who have served. Learn more: https://ivmf.syracuse.edu 

About Oklahoma SBDC
The Oklahoma Small Business Development Center (Oklahoma SBDC) provides confidential, no-cost business advising, training and market research to help entrepreneurs start and grow businesses statewide. Hosted by Southeastern Oklahoma State University, the state-wide network helps business owners strengthen financial plans, prepare for financing and pursue growth opportunities. Learn more at www.oksbdc.org.

About Gradient
Gradient represents the blending of diverse ideas, people, and perspectives, adding texture and depth to our community. As one of the nation’s largest innovation hubs, Gradient fosters meaningful connections, nurtures bold ideas, and provides concierge introductions to entrepreneurial resources. Learn more at www.joingradient.com

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SOURCE Baker Hill

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