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Mortgage tech firm TRAiNED hires two executives from Sales Boomerang

Housing Wire

Mortgage tech firm TRAiNED Inc. TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry.

Training 448
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Wells Fargo agreed to pay $95.7 The deal will provide $62.8 A settlement with the U.S.

Legal 488
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Anthropomorphism and AI: Dialing back the fear knob

Housing Wire

For instance, we started working with machine learning for automated valuation models back in 2017. Like any powerful tool, it is essential to install proper fundamentals such as training, testing, accountability and continuous improvement before implementing. Then ChatGPT came on the scene. But herein lies that problem.

Training 434
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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. The original appraisal waiver solutions were launched in August 2017.

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Mr. Cooper’s CIO on deploying AI for the biggest wins

Housing Wire

So we got the opportunity to build our digital platform from the ground up back in 2016-2017. Now, people have been extracting content within docs for years — but how quickly you can train a new document is a key metric. That then goes into training, retraining and figuring out how AI can help that conversation.

Training 353
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Honoring Those Opening Doors to Homeownership 

Appraisal Buzz

Tanya holds several industry certifications, including the FHA Basics and Beyond Seminar Training from the U.S. Department of Housing and the VA Guaranteed Home Loans Training Certificate from the Department of Veterans Affairs-Houston Regional Loan Center. In 2017, she was named Regional Manager of the Year.

Training 221
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The appraisal industry’s hidden hand

Housing Wire

But he repeatedly surfaces as the designated mouthpiece for AMCs. The paying of these fees was then cemented in a 2017 rule by the Federal Financial Institutions Examination Council , an interagency body of banking regulators formed three decades before CFPB was born. You start becoming trained to look in a different way.

Appraisal 435