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Will AI replace the loan officer?

Housing Wire

The industry fears AI will ultimately replace everyone, from operations to loan officers. As a loan officer , I am not losing any sleep, and here is why you should not, either. Call centers pay their loan officer vastly lower amounts than a broker or retail lender makes. tale as old as time.

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Uplist partners with Polly, offering insights to loan officers

Housing Wire

This move grants loan officers access to real-time insights that are designed to improve borrower assistance and engagement. Loan officers on the Uplist platform can now leverage Pollys product and pricing engine (PPE) to more easily pursue refinance opportunities.

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Younger homebuyers have concerns over AI’s role in the mortgage process

Housing Wire

Although most respondents expressed satisfaction with the digital tools offered by lenders — and expect more automation in future transactions — 60% said they would switch lenders if AI played a significant role in the process. About 58% of respondents still relied on loan officers to guide them through the process.

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Are Homebuyers Satisfied With Advances in AI? 

Appraisal Buzz

Despite the perception that the mortgage industry is lagging in terms of technology adoption, our survey found that lenders are increasingly using digital tools to better engage with borrowers; and it’s clear from this research that borrowers are embracing the improved automated, less manual experience,” said Maria Moskver , CEO of Cloudvirga.

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CreditXpert announces launch date for new credit optimization platform

Housing Wire

The company will replace its What-if Simulator and Wayfinder tools with the new platform on Dec. The new credit optimization platform will combine the best parts of the What-if Simulator and Wayfinder tools, giving mortgage professionals the power to reach more clients and close more loans.

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CoreLogic unveils AI-driven Araya platform for advanced property data

Housing Wire

The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Precision marketing tools add another layer of predictive control to CoreLogic’s arsenal. properties on one platform.

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Uplist launches automated refi analysis tool

Housing Wire

Mortgage technology company Uplist has launched what it says is a killer new tool that will help loan officers automatically generate refinance options for their clients. The tool also does modeling of potential savings for homeowners by analyzing various interest rates , closing costs and repayment options. ”

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