The homebuying platform’s new mortgage platform adds fixed-rate and adjustable-rate purchase mortgages to its product mix.

CloseClear.ai’s platform monitors mortgage pipelines against live federal disaster data to flag GSE repurchase risk after an appraisal has been completed.

The Western Alliance Bank subsidiary has been offloading its agency-eligible production to other issuers.

Pennymac and Rocket are focused on developing scale and technology to drive down costs as originations are expected to remain muted due to the higher-for-longer interest rate environment.

The landmark housing bill is still a long way from impacting the actual housing market, according to experts.

Property insurance now accounts for 9.6% of the average mortgage holder's monthly payment, Intercontinental Exchange reports, up from a low of 7.2% in 2018 and 7.5% a decade ago. 

A recent rise in self-employed individuals is helping drive increased demand for non-QM products such as bank statement loans, according to lenders who recently spoke with Inside Nonconforming Markets.

Figure will be the first U.S. company to use of Sierra’s newly-established Horizon platform, which enables businesses to build agents that can work on complex tasks over longer periods of time.

Two prime agency-eligible deals have begun marketing.

The number of self-employed workers is rising, helping boost originations of bank statement and investor loans.