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As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Worse yet, appraisers often rely on automated reporting tools that can’t flag bias. Jaro is ahead of Fannie and Freddie.
Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgagetool suite, aims to enhance The Loan Store’s underwriting capabilities.
ICE Mortgage Technology has added new analysis tools, expanding its technology portfolio that’s designed to simplify underwriting and post-closing review processes. The tools allow lenders to free up employees to execute higher-value work, ICE said. ” . ”
Called Ask Obi, the new AI assistant is designed to provide mortgage lending executives with instant, actionable insights from their Optimal Blue products and data. Through the power of generative AI, users can have an interactive conversation to better understand the data that drives their business.
The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.
Our goal has always been to provide clients with the most advanced, efficient and reliable tools available,” ClearValue CEO Don Juhl said in a statement. “By Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai general manager of valuations, said in a statement.
Xactus has become the first technology partner to introduce the FICO Score Mortgage Simulator, a new tooldesigned to help lenders and borrowers understand how credit decisions impact mortgage eligibility. Companies downstream from FICO in turn also raised their prices, frustrating mortgage lenders.
As 2025 draws near, mortgage rates are once again in the news. Mortgage Rates to Drop, Increase, & Drop Again in 2025 Although there are indications that mortgage rates may ease in 2025, as we witnessed in 2024, mortgage rates rarely move in the anticipated direction.
Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.
Maxwell , the mortgage fintech backed by Wells Fargo and Fin Capital, has launched Maxwell Single-Sign On, an SSO (single sign-on) tool for lenders to enhance security and reduce the risk of data breaches, the company announced on Monday.
Rocket Companies today announced the launch of Rocket.com, officially putting Rocket Mortgage and Rocket Homes on the same platform. Rocket.com is designed for serious buyers and sellers, offering a streamlined path to homeownership, said Jamie Belsky, chief product and design officer at Rocket.
“From loan officers to secondary marketing teams and investors, we empower mortgage professionals with toolsdesigned to maximize their profitability on every loan transaction.” ” The announcements were made at MBA Annual in Denver.
In a changing real estate market , mortgage lenders face increasing demand. If high mortgage rates and increased liquidity management arent challenging, then regulatory changes, operation inefficiencies, and economic uncertainty are enough. Digital tools and technology are only the tip of the spear regarding SitusAMCs solutions.
Discover the cutting-edge tools and strategies driving the future of real estate appraisals. This webinar will delve into the latest technology trends, from advanced data integration to automated workflows, designed to streamline your processes and improve accuracy. Adopting these new tech tools is easier than some may think.
Mortgage technology solutions provider CoreLogic on Tuesday announced that its AutomatIQ Borrower tool is expanding to include asset and liabilities analysis capabilities. The company aims to make the product a “one-stop analysis solution for mortgage lending financial institutions,“ it said in its announcements.
Freddie Mac is rolling out a free tool for lenders, DPA One, that matches borrowers with down payment assistance programs across the country. The new tool allows lenders and housing counselors to enter client eligibility parameters, download results and compare up to three programs side by side to make quicker lending decisions.
Government-sponsored enterprise (GSE) Freddie Mac on Wednesday announced further enhancements to its Condo Project Advisor tool that are designed to “streamline” such loan originations and to offer lenders “greater security” through a new designation, according to an announcement.
If a condo is on this list, its significantly harder for prospective buyers to get a mortgage, making it nearly impossible to sell. Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. Some lenders and insurers have abandoned markets altogether.
The Mortgage Bankers Association (MBA) supported the UDAP policy reversal, arguing that avoided unnecessary oversight and cost increases for consumers and lenders. Ending SPCPs means eliminating initiatives designed to provide targeted financial assistance such as loans or credit to historically underserved or disadvantaged groups.
In the competitive landscape of real estate, leveraging advanced tools and services can significantly impact an agent’s ability to maximize revenue opportunities for themselves and their clients. These educational tools cover various aspects of real estate transactions, compliance, and RES.NET’s technology solutions.
NAF Cash , a subsidiary of multichannel mortgage lender New American Funding (NAF), announced on Tuesday the availability of a tool called NAF Cash Maps that aims to offer data on trends related to all-cash home purchases.
PennyMac Financial Services , one of the nations largest mortgage lenders and servicers, on Wednesday announced a partnership that will give the company a high level of visibility during the 2028 Olympic Games in Los Angeles. California-based Pennymac will be the official mortgage supporter of the U.S. The company closed $115.1
“Our new tool is a big step forward in helping companies address the massive fraud problem without compromising the customer experience.” Qualia also announced its security upgrades on Tuesday, launching three new capabilities for its wire fraud prevention product known as Qualia Shield.
Leading mortgage technology provider Uplist recently announced a new integration with fellow tech firm Polly. This move grants loan officers access to real-time insights that are designed to improve borrower assistance and engagement. The integration comes at a time of rising refinancing activity.
Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. Why should lenders act now?
A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.
In today’s economy, mortgage rates and housing expenses have consistently risen. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.
Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. The lender estimates it will save tens of thousands of hours annually.
Fannie Mae announced on Wednesday the availability of a new web-based option for its income calculator tool, which is designed to “help mortgage professionals serve the growing number of mortgage applicants in the U.S.
Lender Price , a leading provider of mortgage loan product and pricing technology, has launched Base Price Solution (BPS), a new pricing tooldesigned to help banks, lenders, and credit unions optimize their pricing strategies. By automating the process, pricing updates save time and reduce the risk of manual errors. ”
Real estate website design is evolving fast. In 2025, effective websites leverage beautiful imagery, videography, graphics, copywriting, captivating typography and user experience design (UX) to educate buyers and sellers and sell you as a hyper-local market expert and trusted advisor. Great design ensures that they wont.
Blueprint Solutions , a mortgage technology company that offers income verification tools for the industry, announced this week that it is implementing Fannie Mae ’s Income Calculator into its two primary software offerings. This will help the company’s clients to more efficiently access the Fannie Mae tool, the company said.
We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Market Leaders advanced newsletter automation tool can help. In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. Lets dive in!
TransUnion released a new portfolio management solution designed to help lenders assess the riskiness of a portfolio from a property value perspective, the company announced on Wednesday. It will also display characteristics about those properties to better inform lenders about the asset securing the mortgage or the home loan.
In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.
Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.
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. Begley said the CAPE Analytics aPCR represents that missing piece, instantly informing mortgage professionals about conditions.
Charlotte-based mortgage lender Cardinal Financial on Monday launched a new product suite to help mortgage brokers reach nontraditional borrowers. The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles.
Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing. To do that, we must make sure everyone has access to information about our programs.
Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point.
Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. It also unveiled two new tools , Validate ROV and Validate Selector, that were added to its growing suite of property valuation solutions.
New York-based Simplist Technologies , which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).
Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. The technology is designed to automate and streamline the underwriting and application processes, per the statement.
On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.
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