Two new mortgage underwriting solutions designed to help lenders streamline their current mortgage workflows and reduce cost, as well as enable them to assist non-prime borrowers to obtain home loans, have hit the market. CoreLogic’s AutomatIQ Borrower streamlines underwriting by digitizing, standardizing and automating borrower analysis and verification. The tool bridges the gap between point-of-sale and underwriting to create a smoothly running mortgage origination process ...

Lenders looking for efficiencies should adopt artificial intelligence, machine learning and blockchain, according to various technology vendors. They claim that the technology can be implemented without exceptionally high costs but caution that early adopters face some risks. AI is generally defined as a collection of machine-learning algorithms assembled for certain tasks. Blockchain is distributed ledger technology. The tech was an area of focus at the ABS East conference ...

Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year.

Rumors were floating around this week that a large non-QM securitization deal could be in the works...

If current trends hold in the official barometer used for adjusting conforming loan limits, look for the baseline limit to go up about 8 percent next year.

The Department of Housing and Urban Development is planning this fall to seek comment on the use of FHA downpayment assistance from programs run by entities owned by Native American tribes.

Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…

A spokeswoman for bemortgage said the lender’s staff will be kept in place…

Simone Grimes, who holds the title of special advisor, is still employed by the agency.

Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.