The company estimates mortgage technology segment revenue growth in the low to mid-single-digit range this year. The segment boosted revenue by 17% in 2023.

Lenders cut more staff; rate locks up 14% in January; borrowers have plenty of equity; bill to limit trigger leads in House; LoanCare revamps servicing website; Staircase launches ChatMTG.

As more companies experience cybersecurity breaches, internal user training is essential to ensure critical user data is protected.

Citizens Bank left the wholesale channel amid weak margins; Mr. Cooper’s cyberattack recovery includes large expenses for borrower services; new leader at broker group; Consolidated Analytics acquires Real Info; customer relationship management tool with artificial intelligence for loan officers.

Generative AI solutions, such as ChatGPT, are expected to gain in popularity among mortgage professionals this year.

Clever Real Estate has acquired Gravy Technologies, which provides a loyalty-as-a-service platform for lenders and real estate agents.

While originations are expected to increase this year, margins might not improve much; First American back online following cyberattack; MSR demand expected to remain strong; held-to-maturity accounting lives on; new digital servicing platform; new buydown program.

Amendments to the Uniform Commercial Code are making it easier to electronically originate home equity lines of credit.

Lower interest rates have been particularly impactful in the market for new homes; MBA projects a mild recession in the first half of 2024; new MISMO working group initiated by the GSEs; technology for closing disclosure forms.

Amazon Web Services is increasing its offerings designed to automate and digitize the mortgage process.