Artificial intelligence can cut down on “stare and compare” tasks. But mortgage originations are so complex, and anxiety-provoking for borrowers, that humans are essential.

Warehouse bankers advise lenders to stay in contact with their funders as the market deals with low inventory and volatile interest rates.

Non-agency MBS participants have been working with an outdated data set.

The denial rate on applications for jumbo mortgages was 11.9% in 2022.

First Republic Bank — now the property of JPMorgan Chase — was the top originator of ARMs in 1Q23...

In M&A news, Ellington Financial has agreed to buy Great Ajax in all-stock deal.

Struggling alongside a slow purchase market, originations of adjustable-rate mortgages fell in the first quarter of the year. (Includes data chart.)

A former chief of staff accused the Change Company of wrongful termination and whistleblower retaliation in a lawsuit, while Change said it terminated the employee after numerous reports of misconduct and safety concerns.

The platform offers end-to-end support and closing times measured in days, not weeks.

As jumbo originations stagnated in 2022, jumbo loan application denial rates didn’t change very much. (Includes data chart.)