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Dominion Financial creates AI assistants for real estate investors, mortgage brokers

Housing Wire

On Monday, the company announced the addition of two artificial intelligence-powered assistants to help real estate investors and mortgage brokers. Harvey will assist real estate investors while Donna is for mortgage brokers. It’s technology designed to feel human.”

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Optimal Blue drops three new products at MBA Annual

Housing Wire

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. .

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Real estate investor optimism is rising: RCN Capital

Housing Wire

Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. But there was a noteworthy divide between short-term fix-and-flip investors and long-term buy-and-hold investors when it came to market sentiment and outlook.

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LoanSnap troubles continue as California revokes its lender license

Housing Wire

That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. According to a filing from the California Department of Financial Protection and Innovation dated Oct. 18, LoanSnap had its license revoked after it failed to renew its surety bond.

Landlords 448
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More first-time buyers rely on mortgage rate buydowns to afford homes

Housing Wire

HomeLight is an Arizona -based real estate platform designed to connect agents with clients. HomeLight also highlighted an increase in cash-only purchases as a factor that’s keeping first-time buyers away from the market, as they must compete with all-cash buyers and real estate investors. 30 and Nov.

Buyers 482
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Cardinal Financial unveils non-QM product suite

Housing Wire

Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles. Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products.

Investors 343
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Cambridge Wilkinson to launch $100M private lending platform

Housing Wire

The agreement is designed to fit the New York-based lender’s asset-based underwriting model, allowing for greater flexibility in how capital is allocated across its varied loan portfolio. “Private lenders are filling a critical gap in the market, especially as traditional banks pull back on real estate financing.

Lending 300