UWM accepted six mortgage payments with cryptocurrency before ending the pilot program; closing costs increased in the first half of 2021; Fannie strengthened underwriting standards for condos and co-ops.

To help produce the record volume of mortgages originated in 2020, lenders embraced technology. Changes that could have taken five years to implement were completed in 18 months.

The mortgage industry has welcomed the National Defense Authorization Act recently passed by the House for including provisions for minimum federal standards on the use of remote online notarization in mortgage closings.

LoanLogics analysts discuss the human/machine interface.

Incenter Appraisal Management launched a remote appraisal service, United Wholesale Mortgage is allowing brokers to bypass appraisal management companies and Fannie Mae is looking to reduce appraisal bias.

Nearly half of the executives surveyed by Fannie Mae expect profit margins to contract in the fourth quarter.

Unfazed by mounting losses, the newly public mortgage technology vendor is working to add clients and complete more acquisitions.

A Fannie survey finds that most recent homebuyers used no online tools to get their mortgage. The use of some digital channels actually declined during the pandemic.

Digital verification of borrowers’ income, employment and assets can significantly reduce the length of the mortgage closing process. And the tech got a boost from the pandemic.

The patent awarded to Liquid Mortgage covers a significant portion of the tech startup’s business model. LM is looking to apply blockchain to the mortgage securitization process.