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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 technologydesigned to feel human.”
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. .
Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.
After rock-solid careers of their own, they decided to combine their skills and their shared passion to help Chinese home buyers, sellers and investors navigate Southern Californias competitive real estate market, Real President Sharran Srivatsaa said in a statement. Theyve set the gold standard for service to the Chinese community.
Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount.
USRES and RES.NET provide a range of products and services designed to streamline processes, enhance efficiency, and drive profitability for all participants in the real estate disposition and liquidation life cycle. These educational tools cover various aspects of real estate transactions, compliance, and RES.NET’s technology solutions.
“With advanced technology , a broad product lineup, and a commitment to broker success, Cardinal Financial Wholesale provides the tools brokers need to excel.” Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles.
Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology. Providing guidance and support during this process will be crucial for servicers in 2025.
Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)
He spent 11 years at technology company Oracle serving in multiple roles as an engineering architect, and his experience is seen as a key driver of FOAs technology modernization initiatives, the company said. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.
These days lenders are seeking to leverage mortgage technology to streamline the loan process. Many have digital capabilities in place already and with so many warehouse lenders ready to fund eNotes and servicers ready to support them, along with increased expansion in the investor space, the popularity of eNotes is growing.
To tackle increased origination demand without over-prioritizing one market, mortgage originators must rely on solutions designed to cut primary market expenses and create more secondary market mobility. Digital tools and technology are only the tip of the spear regarding SitusAMCs solutions.
ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. One of ICE’s main focus points is the platform’s user-friendly design and overall experience. The mortgage industry today demands speed, accuracy, and satisfied customers.
Encompass by ICE Mortgage Technology is designed to enable users to manage their entire lending workflow in one place, from the customer’s initial point of thought through investor delivery. Every lender and investor has their own unique approach to doing business and their own mix of channels they utilize.
An aging-in-place technology platform recently secured a $35 million funding round, which it hopes to use to expand its existing partnership portfolio while also aiming to enter the Medicaid market. The Helper Bees is a platform that connects older adults to a network of non-medical products and services, according to the company.
Brokers that are equipped with Acra Lendings non-qm products, technology, and team can serve borrowers where traditional lenders simply cannot. How Acra Lending sets itself apart in the non-QM market When describing how Acra Lending sets itself in the non-QM lending space, three words come to mind: people, processes, and technology.
Encompass by ICE Mortgage Technology is the industry’s most complete end-to-end solution that provides the flexibility and configurability needed to deliver a next-generation lending experience for every channel, all from a single system of record. “We Stephanie Durflinger, SVP, Product Management.
The real estate sector is constantly evolving, and one technology has emerged as a true game changer: virtual reality (VR). This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before.
From fully online to wet-sign and hybrid options, the end-to-end solutions Black Knight brings to the table are designed with the purpose of helping lenders select the best way to close each loan while providing a simplified closing process with lower costs and improved customer outcomes. Rich Gagliano, President, Origination Technologies.
Be it new experimental technology, legislation or regulation to respond to, disruptive proptech models, shifting market dynamics and so on,” said Price. What we are doing is truly designing the close-of-the-future that can have an industry-wide impact. And, what KPIs are you focused on in the near future?
Policies designed to cover living expenses during a disaster might not cover prolonged displacement either. In the aftermath of wildfires, our technology supports insurance companies and homeowners by evaluating damage, calculating reconstruction costs, and enabling faster, more accurate claims processing.”
AOT transactions involve three counterparties — a mortgage originator, a mortgage investor, and a broker dealer — and are designed to transfer loan collateral and hedge positions to a mortgage investor. Dealer-to-dealer assignments are also electronically executed on Agile’s platform. “As
Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. 8VC led the latest equity investment with participation from existing investors Menlo Ventures , Meritech , Khosla Ventures and Fifth Wall.
Both firms guide real estate investors in buying, selling and managing single-family rental (SFR) homes across the country. The unified platform will offer real estate investors robust technology, deep data insights and a property management system specifically designed for SFRs.
The platform’s intelligent design is showcased by its ability to pre-populate borrower data, substantially reducing application completion time. Sagent’s platform represents a significant advancement in hardship resolution technology. Sagent has trimmed the fat off of this process with Dara and its user-friendly approach.
Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Soon, the full servicing version of the Blue Sage Digital Servicing Platform will boast additional functionalities such as investor reporting or default management.
Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.
To help homeowners explore their home equity options, lenders, investors and others in the industry should consider leveraging tech-backed services. By leveraging selective data and cutting-edge technology, the solutions from homegenius Real Estate help lenders make informed and efficient decisions.
Developed over the past two years, the newly rebranded Flyhomes portal is proprietary technology that was designed under the guidance of ZeroDown co-founders Laks Srini and Abhijeet Dwivedi, who have joined Flyhomes as chief technology officer and chief growth officer, respectively.
Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.
The specialized HELOC subservicing solution is designed to address critical inefficiencies in the HELOC servicing market, the firm says in a release. BSI Financials proprietary technology stack, including Libretto and BSI ASSET360, makes HELOC servicing smarter, smoother, and more scalable for financial institutions of all sizes.
Through the Touchless Lending technology, an application can reach a clear-to-close decision within a week, 80% faster than the average industry time of 50 days. Tony Grothouse, CEO of Revolution Mortgage, says the technology will help the company expand and deliver quality assets into the secondary market. “We
It is also turning Acra’s business into a technology-first one, the statement said. It was designed to seamlessly integrate with existing lender systems, including CRMs, Point-of-Sales, LOS, and document management systems. “We It offers programs for wholesale, consumer direct, investor, and correspondent lending.
MISMO standards help reduce friction between trading partners including lenders, servicers, investors and others. Obtaining the MISMO eVault Certification provides the industry confidence that Snapdocs meets the MISMO standards, which can be utilized when companies are selecting solutions for their business needs.
In preparation for that influx, asset managers, servicers and investors need to ensure they have the tools and technology to successfully navigate this unpredictable time. Pyramid Platform, Radian’s award-winning asset management technology, can help users swiftly adapt to fluctuations in the REO environment. c client needs.”.
Tim Bowler, the president of ICE Mortgage Technology , appreciates a good analogy. Treasury official says that the mortgage technology giant’s integration of Black Knight isn’t dissimilar to building a rail line. But MSP, the flagship servicing technology engine acquired in the $12 billion Black Knight deal, runs on 2.01-meter
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.
The functionality expansion will assist investors and lenders in promoting affordable housing in underserved markets, the firm said. Loansifter PPE, a component of Black Knight’s suite of integrated solutions designed for brokers, allows searches across more than 120 wholesale investors.
In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments. Kueh said the real estate industry is “ripe” for a transformation, one in which modern design can be merged with mobile, cloud, AI and machine learning technology to improve customer and agent experiences.
HousingWire recently spoke with Michael Chew, SVP of Fulfillment, Asset/Rental Management at Consolidated Analytics , about REO assets, the economic factors influencing the increase in REO acquisitions and how technology can help with REO asset management. We also see investor demand remain strong and an uptick in owner-occupied purchases.
CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.
Financial wellness technology company EarnUp reached a new milestone last quarter, helping millions of Americans schedule mortgage, auto, and student loan payments through its Payday to Payday program and technology. The company says it processed more than 50 million payment transactions worth $43 billion in total as of Q1 2023.
First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform. Presented by: Rently.
. “The outcomes of this program make our industry stronger and position Flagstar to continue to provide technology-enabled products to our customers.”. Explore three steps that enable technology to work more efficiently, which helps drive profitability. LOs are only human — Tech is necessary to keep up with max loan volumes.
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