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The industry fears AI will ultimately replace everyone, from operations to loanofficers. As a loanofficer , I am not losing any sleep, and here is why you should not, either. was curious about what he was doing as I always looked for ways to improve my client experience.On The experience was terrible.
Leading mortgage technology provider Uplist recently announced a new integration with fellow tech firm Polly. This move grants loanofficers access to real-time insights that are designed to improve borrower assistance and engagement. The integration comes at a time of rising refinancing activity.
Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. Fortunately, information technology company Mortiles brings comprehensive solutions to the ever-changing title insurance, escrow and settlement arena. What drew you to the title search industry?
I’m going to start by making Rate the absolutely best place for every single loanofficer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
We recommend investing in three key aspects of your customer acquisition strategy to ensure you have the technology, people and operational workflows needed as rates change and volumes increase. How your technology partner can help Having nimble technology is critical for capitalizing on market dynamics.
The platform is intended for housing professionals in various sectors, including 5 million loanofficers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Through Araya, CoreLogic will give customers access to the data and analytics of nearly all U.S. properties on one platform.
With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. Heres Why We Attend Every Year At Dark Matter Technologies, we dont merely follow the industrywe help shape it.
Optimal Blue on Monday announced three major product releases — the expansion of its artificial intelligence (AI) assistant suite, the introduction of Scenario Optimizer, and the free availability of Investor Pricing Insight to investor clients. ” The announcements were made at MBA Annual in Denver.
CreditXpert , a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. The new credit optimization platform will combine the best parts of the What-if Simulator and Wayfinder tools, giving mortgage professionals the power to reach more clients and close more loans.
Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. Rocket and Redfin have a unified vision of a better way to buy and sell homes, said Krishna.
Should the goal of marketing technology be to make it so that a loanofficer never needs to log in? I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved. Empowerment, not detachment, is the path forward.
Top-producing loanofficer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. Being a consultant has helped Keelin retain and grow his client base, especially in his main markets of New Jersey and Florida.
Digital mortgage automation solution provider Floify launched verification of income (VOI) and verification of employment (VOE) waterfall technology that aims to save lenders and mortgage brokers time and reduce costs during the loan origination process.
He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.
Real credited its technology offerings and business model for the explosive growth in agents. It started 2024 with 18 loanofficers and finished the year with about 90. Real CEO Tamir Poleg also provided an update on the companys technology offerings. Real also added head count to its nascent mortgage business.
Cloudvirga’s platform solves for both by creating the best experience for borrowers and loanofficers. The Cloudvirga team has been able to dramatically improve the experience of the borrower and the loanofficer. Raman Iyer is responsible for Cloudvirga’s digital innovation and technology strategy.
While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology. Without loanofficer adoption, that spend becomes frivolous, making a lender’s decisions on which technologies to include in the tech stack extremely important.
ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In
Our new platform brings unprecedented speed and certainty to home financing, helping loanofficers and their clients win more deals. zavvie said that HomeFAI adoption has surged 155% year over year, with 83% of loanofficers switching to the new app that’s available in all 50 states.
In this low interest rate environment, lenders are staying busy with high volumes and new clients. Ernie Graham: Once you’ve closed a transaction, there’s this natural halo effect you have with the client that means that they think well of you – until they forget about you. EG: You create balance by focusing on quality.
PERSON OF THE WEEK: How is technology helping LOs enhance client and partner relationships in the post-COVID landscape? The post Juan Farias: How Technology is Helping LoanOfficers Enhance Client Relationships appeared first on Appraisal Buzz. Q: The COVID crisis caused some big shifts for.
And, in the mortgage industry, AI will play an instrumental role in helping loanofficers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. The most difficult part, however, is building the technology. Ghamsari: I think the technology is extremely difficult to build.
.” Lindsay also expressed excitement over the opportunity to help clients in Washington. “As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.”
Mortgage veteran Donny Panasis has joined Embrace Home Loans as branch manager of its Viera, Florida office, where he and his team will originate loans for both existing and new construction homes. Panasis previously served as a loan originator for The Mortgage Firm and TD Bank.
Mortgage technology company Uplist has launched what it says is a killer new tool that will help loanofficers automatically generate refinance options for their clients. This includes property ownership checks, automated valuation models ( AVMs ), loan amount amortization and financial benefit calculations.
It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. CreditXpert’s Xpert Credit Process.
The partnership will boost loanofficers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. Meanwhile, LoanPASS’s flagship products and pricing engine (PPE) automates product and pricing decision-making for all loan products.
The solution leverages the power of innovative, integrated technologies to not only simplify the mortgage application and approval process for borrowers, but also to improve the backend process for loanofficers. For clients using Empower, all data is stored in Empower and accessed using APIs.
Radian Group announced a strategic investment in FinLocker that will closely connect the technology between Radian’s Homegenius platform and FinLocker’s financial fitness and homeownership platform. Clients of FinLocker include loanofficers, mortgage lenders, servicers, banks and credit unions.
Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.
When these clients are then connected with the best agents and the best loanofficers, it creates a virtuous cycle. Now, by joining forces with Rockets 3,000 loanofficers and expansive mortgage broker network, were building a highly efficient funnel that matches motivated buyers with top professionals.
Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loanofficer, processor, underwriter, they all ask the same thing: will AI replace my job?
Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.
We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loanofficer requests, effectively halving the time it takes to fulfill them. Instead, we invest heavily in empowering our loanofficers.
In response, FinLocker , which offers technology that readies consumers to become responsible mortgage borrowers, is offering to cover 100% of verification costs for consumers using lenders FinLocker-powered apps. For loanofficers, it means a competitive edge in a challenging market with a tangible cost-saving benefit to offer clients.
The lender has about 80 loanofficers and aims to hire up to 100 in states. Capturing leads with tech Another priority for the lender is procuring leads through its proprietary technology. Cliffco’s proprietary CRM platform enables loanofficers to break away from being heavily dependent on real estate agents for referrals.
If you take the temperature of how loanofficers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loanofficer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.
Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loanofficers around the country.
Her role will focus on technology to drive the company’s growth. Michael Brennan, president of Movement, said Waggoner can empower loanofficers with the tools they “need to win.”. “She has a proven track record of leading sales-centric technology teams and delivering with speed to market,” he added.
Editor in Chief Sarah Wheeler sat down with Matt Van Fossen, CEO of Absolute Home Mortgage and Mortgage Automation Technologies , to talk about his unique view of the housing ecosystem and how it influences how he builds technology. How do all those different roles influence the technology you build?
In her new role, she will not only be helping grow Usherpas brand and industry presence but also assisting enterprise clients with their marketing efforts to maximize their success. Usherpa has over 30 years of experience supporting loanofficers and companies. billion in additional revenue for enterprise partners.
Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin.
Guideline Buddy’s chatbot leverages generative AI technology to simplify the loan qualification process by providing swift and accurate information, freeing professionals from the time-consuming burden of sifting through extensive documentation, the firm said.
This week, industry experts discuss how to navigate client and referral partner expectations and minimize closing times when factors like these begin to decelerate the buying process. Personal branding, excellent customer support and friendly check-ins help clients feel engaged and increase their willingness to be flexible in the process.
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