Better is touting investments in artificial intelligence to help slash costs tied to originating refis. The lender is also building a distributed retail operation to increase production of purchase mortgages.

MBA increases odds of a recession within next 12 months; new tools to verify employment, income; downpayment size increases in 2024; new proposals from MISMO; lender raises funds; Cardinal offers processing for brokers; new hire at Nationwide Mortgage Bankers.

When Rocket’s acquisition of Redfin could pay off; PennyMac sponsoring Team USA at Olympics; TransUnion brings on verification tool from Truework; Eastside Distilling now Beeline Holdings, a mortgage company.

FICO 10 T has helped lenders approve more borrowers, according to a new report from the credit scoring firm.

MISMO is out with five proposals, including a tool to simplify standards adoption. Other new features include tech for credit modernization, appraisals and housing counseling.

To increase already substantial market shares, nonbank mortgage companies are investing in proprietary technology for originations and servicing.

The company wants to help real estate agents become mortgage brokers and close loans with less overhead costs.

Loan originators want to see guidelines expanded for borrowers with variable sources of income.

FCC one-to-one consent rule vacated; CFPB details cash-out refi usage; RiskSpan launches MSR analytics offering; AI tool helps with mortgage applications in Spanish.

While electronic closings offer faster turn times, adoption of the technology comes with some complications. Still, the share of eNotes is expected to triple by 2028.