The proposal, published by Andrew Davidson, seeks to create a platform where regulators, investors, mortgage servicers and more would share their own data and receive access to the broader pool of data, in an effort that could decrease costs and improve attempts to aggregate mortgage data.

However, denial rates in the GSE automated underwriting services were higher in 2023 for Black and Hispanic applicants...

In recent years, automated systems have gained a growing role in non-QM underwriting to help verify income...

The AI chatbot tool is available now in various languages…

J-T Gaietto, chief operating officer at ConvergentDS, a firm that helps assess cyber risks, said obtaining cybersecurity insurance “isn’t the easiest thing to accomplish.”

It’s the first non-agency MBS with a significant amount of electronic promissory notes, according to Moody’s Investors Service.

Newfi said it chose Dunmor as a partner because of its technological expertise in the RTL space.

“The Biden administration is committed to fostering innovation in the financial sector while ensuring that we protect consumers, investors, and our financial system from risks that new technologies pose,” said Nellie Liang, under secretary for domestic finance at the Treasury.

The reduction in costs helped lenders that maximize LPA maintain profitability while the industry as a whole experienced a negative 5.8% margin, according to findings from Freddie Mac.