LendingLife

Better’s Kevin Ryan adds Houlihan Lokey role amid executive shake-up

Several senior executives in Better’s control and finance teams, including chief financial officer Kevin Ryan, have taken additional jobs or left the company as it navigates financial pressures, according to public announcements and updates to social media profiles.  In July, Ryan also joined investment bank Houlihan Lokey as a managing director in its capital solutions […]

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TidalWave’s Diane Yu on AI’s impact to mortgage jobs

The promise that artificial intelligence brings to the mortgage ecosystem through faster processes and reduced expenses is also accompanied by the potential threat it poses to human roles. While the next two years could see an acceleration of AI-related job losses, Diane Yu urges mortgage professionals to adopt a “mindset of abundance” when approaching the

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Future unveils Alpha, an in-house AI mortgage system

A small fish in the pond of fintech-focused mortgage companies is trying to race to the front in the artificial intelligence arms race. And it’s not using a typical ChatGPT-style program either. Future Technologies CEO Blake Bianchi announced on Thursday that the company is launching a full-stack, proprietary AI system that promises to automate the

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Shareholder Edge One Capital proposes Fannie-Freddie exit without higher rates

Edge One Capital has disclosed its stake in Fannie Mae and Freddie Mac, calling the government’s prolonged control of the mortgage giants the “largest shareholder rights violation in U.S. history.” It’s also proposing a road map to return them to private ownership without the consequence of higher mortgage rates. The Raleigh, North Carolina–based investment firm’s

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Fannie Mae survey suggests lenders eye eNote growth in 2025

Fannie Mae on Thursday published the results of its latest Mortgage Lender Sentiment Survey. The report details lender experiences with eMortgage technology, including challenges to date, adoption plans and business priorities for 2025. The survey found that while most lenders (75%) are familiar with eNotes, only 22% currently use them. The top challenges cited to

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Shawn Malhotra talks Rocket’s vision for AI-powered, people-centered mortgages

Shawn Malhotra, the first chief technology officer in the history of Rocket Companies, says it’s pursuing an ambitious plan — to rewrite its entire operating system, from home search through mortgage servicing, on a foundation of artificial intelligence. The transformation will happen while Rocket integrates real estate brokerage Redfin and mortgage servicer Mr. Cooper Group,

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OneTrust challenges mortgage coaching neutrality in suit over trade secrets

OneTrust Home Loans filed a lawsuit this week challenging the long-promoted neutrality of mortgage coaching programs, alleging the services were used by a rival to gain a competitive edge. The California-based lender is suing former loan officer Broch Lassig, mortgage coach Richard Ruby, and Ruby’s company, The Core Training, accusing them of misusing confidential business

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Mesa, a membership platform for homeowners, announces $24M funding round

Mesa, a membership platform built for homeowners, announced on Wednesday a funding round of $24 million in debt and equity from partners in the housing, lending and home improvement space, bringing its total raised to over $33 million to date. Lowe’s and Paramount Residential Mortgage Group (PRMG) participated in the round, as well as Trinity

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VA’s John Bell III stepping into new role at Office of Mission Support

Longtime U.S. Department of Veterans Affairs (VA) executive and mortgage professional John Bell III announced on LinkedIn that he’s leaving his role as executive director of the VA’s Loan Guaranty Service (LGY). Bell’s post on Monday touted his key accomplishments at the VA, such as increasing its mortgage market share from less than 1% to

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UWM’s Jason Bressler encourages broker use of AI to ‘control your own destiny’

United Wholesale Mortgage (UWM) chief technology officer Jason Bressler delivered a blunt message to mortgage professionals while on stage Tuesday at HousingWire’s AI Summit. The doom and gloom of high interest rates and industry consolidation aren’t going away soon, he said — but the practical use of artificial intelligence could give brokers a competitive edge. Lenders,

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