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In a recent report, Sarah Frano, vice president and realestate fraud expert at First American Title Insurance Company , explains that scammers are increasingly harnessing AI to generate deepfake videos and fraudulently pose as legitimate borrowers. fraud losses to grow by 32% each year moving forward, reaching $40 billion by 2027.
Mortgage lenders and realestate agents who do not provide customers with a digital experience are being left behind. As mortgage and realestate professionals, we need to think about how we are meeting consumer expectations, while also taking it a step further to offer additional value beyond the transaction.
Described as a “blueprint” for the GSEs’ 2025–2027 “Duty to Serve” plans, the publication aims to highlight a more important role that Fannie and Freddie are set to play in facilitating access to the U.S. mortgage finance system. Additionally, the GSEs should develop “better loan products” to serve the single-family market.
trillion and is projected to exceed $32 trillion in value by 2027. LauraMac is a software as a service, or SaaS, firm that provides due-diligence automation tools for the secondary market. Facebook is now approaching 3 billion users worldwide. LoanSnap is not alone in seeing future opportunity in the crypto-mortgage market.
But according to these observers, both parties would take different approaches to addressing these problems, which is why the realestate and mortgage markets would look much different depending on who wins the November election. It wouldn’t surprise us to see guarantee fees cut for certain borrowers if Harris were elected.
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