One reason companies should formally adopt generative AI is that three-quarters of employees say they already use ChatGPT or one of its competitors in the workplace.

The introduction of MISMO Link should democratize the creation and implementation of standards and processes even among those that aren’t MISMO standards experts.

Mark Cunningham, CEO at TRAiNED, believes new technologies can be leveraged to better reach so-called digital native homebuyers.

Mortgage originators and investors believe that automation must go hand-in-hand with human expertise to create value for a company, and boost margins.

With interest rates on mortgages set to come down, some lenders are looking to quickly adopt tech to help with originations. Blend Labs is seeing lenders use more of the tech vendor’s products and an automated refi offering is on the way.

Fannie Mae and Freddie Mac have both integrated the fintech’s digital version of IRS Form 8821 to confirm borrower income.

Remote work increases for mortgage fulfillment; MISMO offers reference materials for ESG data; lenders frustrated with tech vendors; ICE updates Encompass; tech firms offer loan audits with AI.

Rocket is turning profits again after taking a loss in 2023. Now the lender is working to regain the market share it lost, using various strategies for both purchase mortgages and refinances.

CoreLogic and Equifax launched new income verification tools ahead of an anticipated increase in purchase originations.

The lender’s new Loan Lift program tracks data such as rent payments and peer-to-peer payment app transactions for mortgage underwriting.