Short Takes: Better Launches Mortgage-As-a-Service Platform / Redfin Says Now’s the Time to Buy / CoreLogic Debuts AR Appraisal Tool / Associated Bank Changes Consumer Lending Strategy November 10, 2023 James Dohnert Better and Infosys team on a mortgage-as-a-service product that they say will bring "unprecedented speed" to mortgage originations...Read More
Short Takes: Rocket Looks to AI / Redfin’s Lending Slows / Velocity Increases Production / Great Ajax Considering Options November 3, 2023 Brandon Ivey and James Dohnert “I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.Read More
Short Takes: Zillow Boosts Originations / Figure Offers HELOC Tech / Sterling Bank and Trust Turns to Rocket / CHLA Seeks Streamlined Exams by States November 2, 2023 Brandon Ivey Zillow's production increased 35% from the second quarter.Read More
FCI Taps Private Blockchain for Servicing October 24, 2023 James Dohnert FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.Read More
FHA Facing Hurdles (Congress) to Improving Tech October 11, 2023 Monica Hogan FHA Commissioner Julia Gordon said creating the infrastructure FHA wants from a technology perspective or a contracting perspective is difficult in the current environment.Read More
ICE Touts Benefits of Black Knight Acquisition September 29, 2023 James Dohnert Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.Read More
Guaranteed Rate Touts 24/7 Service From LOs September 21, 2023 Brandon Ivey Guaranteed Rate is telling mortgage applicants that its loan officers are "always on" thanks to a new LOS app.Read More
Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA September 14, 2023 Brandon Ivey Chase originated all of the mortgages in its latest jumbo MBS.Read More
Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded September 12, 2023 Brandon Ivey and Paul Muolo Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...Read More
Wide Range in eClosing Adoption Among Lenders September 6, 2023 James Dohnert Some of SnapDocs’ clients have embraced eClosings for 70% to 80% of their loans, while others have been slower on the uptake.Read More