This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
With mortgage originations expected to rise this year, lenders more than ever will need efficient tools and resources for streamlined income and employment verification, Satyan Merchant, mortgage business leader at TransUnion, said in a statement. The mortgage addition follows similar integrations for rental screening and auto lending.
A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Local governments are uniquely positioned to help residents through the daunting process of building an ADU.
Cooper Group has made some changes to its technology leadership, led by the promotion of Sridhar Sharma to the roles of executive vice president and chief innovation and digital officer, the company announced on Wednesday. Mr. Cooper also hired Jeff Carroll from travel technology company Sabre Corp.
As the industry works to support the American Dream of homeownership, ensuring clear lines of communication between mortgage industry stakeholders and their government partners is more critical than ever. The 15th Annual Five Star Government Forum , set for Wednesday, April 16 from 8:00 a.m.-5:00 5:00 p.m., 5:00 p.m.,
Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. At the moment, the technology is being piloted internally.
With an eye toward the future, Thompson shared his insights on economic trends, budgeting strategies, and the pivotal role of data and technology in shaping the housing landscape. HousingWire: As a finance exec, how do you approach budgeting in a market where cost pressures, compliance demands, and technology investments are all increasing?
Previously, ONeill said cybercriminals would specialize in certain parts of the crime or in certain technologies. Now, however, ONeill says AI has made it where cybercriminals dont really need any level of technological proficiency.
Beth Finkel, the director of AARP New York, said at the time the letter was sent that the increasingly sophisticated technology and tactics of scammers necessitates a more comprehensive approach by governments.
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.
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.
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. This article delves deep into how blockchain is set to revolutionize appraisals, offering a fresh perspective to technology professionals keen on staying ahead of the curve.
Freddie Mac on Tuesday announced enhancements to its automated income assessment tool —already used for direct deposits—to also include the borrower’s digital paystub data.
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. who are self-employed and don’t have traditional sources of income,” according to the government-sponsored enterprise (GSE).
In the rapid-fire, volatile mortgage marketplace , lenders need technologies to help them remain nimble and successfully navigate constant change. Using advanced PPE technology, lenders can accomplish this by identifying the most competitive products at the lowest rates possible. Configurable, Granular Capabilities.
Despite having a 100-plus-year history, the title industry is now embracing some of the newest technologies on the market, including artificial intelligence. of respondents reported not using any AI tools. In a free response section, one respondent noted that “AI technology is inevitable. An overwhelming 88.3% Only 11.7%
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.
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.
The government of Canada is moving to federally fund research from Ontario-based Brock University, which will seek to better understand how smart-home technology impacts the prospects for older people wanting to age in place in their homes. It aims to balance independent living capabilities with control over personal data.
This acquisition furthers our long-term plan of developing a full-service commission-free homebuying and financing technology platform powered by our proprietary AI technology and dedicated professionals,” Brent Miller, chief financial officer of reAlpha, said in a prepared statement.
Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending.
Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.
Each offers their opinions on recent government and policy shifts, ways in which they will impact the real estate market, and how shifting economic conditions and new regulatory developments could affect U.S. In response, both federal and state governments are actively exploring creative solutions to help homeowners stay in their homes.
Singh explains that modern AI tools require increasingly larger amounts of data than ever before. He follows up by explaining that the size of the dataset is only half the battle when it comes to developing AI tools. CoreLogic identifies its ethical obligations and reputational risks before using or building AI solutions.
The Pew Charitable Trusts decided to investigate the pros and cons of what can be an invaluable tool for some potential homeowners. Lease-Purchases vs. Land Contracts Lease-purchases are different from land contracts, another alternative home-financing tool, which help buyers with no access to traditional credit. million U.S.
Build the right team Given the new technologies and expert outsourcing options available to lenders today, staffing up to handle new business doesn’t make as much sense as it did in the past. Fine-tune your tech stack Once your team is in place, it’s time to empower them with the right technology.
Government sponsored enterprise Freddie Mac has approved mortgage technology company Truv for both payroll verifications and consumer-permissioned income. More than ever, lenders need robust, safe technology to lower their origination costs while reducing risks.
Digital technologies help lenders reduce errors, cut costs, and shorten processing times. This is a vital task for servicers who must routinely report payment and default activities to government-sponsored enterprises (GSEs). Click Here
Investing in technology is not the be-all end-all when it comes to efficiency in mortgage origination. Lenders who adopt technology but don’t enforce discipline within their organization won’t see the efficiency savings technology promises. billion valuation. billion valuation. This content is exclusively for HW+ members.
Founded in 2019 by technology and mortgage professionals, Polly is a San Francisco-based provider of mortgage capital markets technology for banks, credit unions and mortgage lenders. Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.
In a June 9 note , the government-sponsored entity told mortgage servicers they could implement the changes immediately. Eric Rachmel, CEO of Brace , a mortgage servicing technology firm, said that being able to provide a digital asset report helps servicers streamline the loss mitigation process.
Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by government-sponsored enterprises (GSEs).
a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.
During slower periods, lenders should: Conduct thorough assessments of their QC programs Update policies and procedures Provide additional training to staff Implement new technologies to enhance QC processes By investing in these areas during downtime, lenders position themselves for success when the market inevitably picks up again.
The key to ensuring appraisal integrity is building a quality-centric culture supported by technology. Concerns about biased and inaccurate appraisals have caught the attention of not only government-sponsored enterprises (GSEs) and regulatory bodies but also consumers.
LoanLogics , a provider of loan quality control and document processing solutions, is acquiring LoanBeam , a provider of income calculation and verification technology endorsed by government-sponsored entities (GSEs) Fannie Mae and Freddie Mac. Using patent-pending data pairing technology that.
This collaboration will assist lenders with quickly and easily obtaining income and employment verification,” Daniel Miller , single-family director of strategic technology partnerships at Freddie Mac, said in a prepared statement.
What started with a portal for consumers to submit their username and password has grown into a data-rich tool that speeds up underwriting, allows for more objective credit decisions and enables innovation for new real estate and mortgage products. Another key benefit is the added security that an eMortgage provides.
“Since the onset of the pandemic, title and settlement professionals rapidly adapted their processes to meet the needs of their customers and to continue facilitating safe and secure closings, and one of the title industry’s most important tools in this process has been remote online notarization,” Tomb said. and Kevin Cramer (R-N.D.)
Home equity solutions and sale-leaseback platform EasyKnock announced a partnership on Tuesday with financial fitness and homeownership platform FinLocker that will make FinLocker’s tools available free of charge to EasyKnock customers. The capital will allow the company to create new tools for current and prospective homeowners.
Cloudvirga’s POS is an experience-driven platform that gives lenders access to the tools they need in an easy-to-use, responsive UI. From a brand perspective, the platform is completely white-labeled and has all the tools users would expect to capture and retain the client base they need to be successful. “We Maria Moskver, CEO.
This is what happens when you have government by a committee of 900, Cantrell said. As the industry evolves, we are focused on equipping our agents with tools and technology to leverage our scale and remain advantaged in any market. It is just classic NAR propaganda. The MLS is a data source for buyers, sellers and agents.
The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . Could someone one day come up with the right technologies [for automating underwriting of] non-QM? million,” the report states.
Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. In January, Clear Capital launched its photo review product, ClearPhoto , a system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content