Delayed financing offers a way for all-cash homebuyers to quickly tap the equity in their home.

Banks and credit unions are struggling to compete with technology-focused lenders who use automation to close home equity loans faster.

The mortgage industry appears to be lagging other sectors in adoption of artificial intelligence. Tech providers stress that AI offers lenders potential gains in productivity with limited downsides.

The lender sees major opportunities to increase mortgage volume by reaching out to borrowers who speak only Spanish or have limited English proficiency, even as HUD pulls back on translation services.

Officials at MISMO believe that the e-Eligibility Exchange has helped mortgage lenders overcome counterparty approval challenges for use of eNotes.

Mortgage executives count on AI and automation to streamline business processes and reduce overall costs.

The new standard comes ahead of the Oct. 1 effective date for quality control standards that federal regulators announced last year.

Agentic AI is both proactive and autonomous, allowing for multi-step actions to be completed without human interactions.

Bilt is a payments platform that offers rewards to consumers. The company recently received a $100 million investment from United Wholesale Mortgage at a valuation of $10.75 billion.

Some mortgage companies that are adopting artificial intelligence haven’t done enough in terms of governance, according to industry executives.