Jayendran GS, CEO of Prudent AI, a mortgage tech provider, said the growing presence of AI in underwriting is alleviating some lender fear around the technology.

The MBA and CHLA have issued statements showing mortgage industry support for a new executive order that would limit state regulation of artificial intelligence.

“There is no investigation into Bill Pulte,” wrote Pam Bondi, U.S. attorney general.

Beginning March 3, seller/servicers that use artificial intelligence or machine language in the origination of loans sold to Freddie must ensure those systems comply with applicable law.

The Guild acquisition was valued at approximately $1.3 billion.

The increase is being driven by large aggregators, ICE says.

A decline in interest rates on mortgages helped to prop up home sales during the partial shutdown of the federal government.

UWM locked $4.8 billion of volume in one day in September, a record for the lender.

Figure generated $89.8 million of net income in the third quarter, well beyond the $29.4 million in income the company had in the first half of the year.

Servicers find new opportunities to leverage AI in the call center in a play to reach more younger borrowers.