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UWM and Google announce AI partnership

Housing Wire

UWM’s Jason Bressler and Google’s Oliver Parker United Wholesale Mortgage (UWM) , the top mortgage lender in America, on Tuesday announced a strategic AI agreement with Google Cloud that the companies say will bring modernization to the mortgage industry. model to enhance underwriting automation.

Tools 490
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FHA unveils Automated Underwriting System as part of modernization initiative

Housing Wire

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility. It is modernization of the entire process.

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To emphasize flood insurance costs, senator cites reverse mortgage borrower

Housing Wire

With flood insurance premiums commanding ever-higher prices, a U.S. senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. That’s on top of what they pay for homeowners insurance.” Bill Cassidy (R-La.).

Insurance 447
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National Mortgage Insurance integrates with Vesta LOS

Housing Wire

National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. “We are thrilled to add Vesta, a leading SaaS company building next-generation LOS technology, to our list of integration partners.”

Insurance 392
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The title insurance industry prepares for battle

Housing Wire

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. For the title insurance industry, she feels this will result in a thinning of the herd.

Insurance 505
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In the race to modernize title, firms double down on software

Housing Wire

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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Here’s another estimate of the financial losses from the LA wildfires

Housing Wire

Real estate technology company Homes.com analyzed the Pacific Palisades and Altadena neighborhoods in order to quantify the number of homes destroyed and measure the financial repercussions of the wildfires. Combined, the January 2025 fires have destroyed roughly 11,000 homes with an estimated value of nearly $30 billion. billion in value.