Copperlane, an AI-native mortgage origination platform, has raised $4.1 million in seed funding to scale an autonomous AI mortgage loan officer that aims to compress hours of document reviews into minutes, the company announced. The round was led by TQ Ventures, with participation from Y Combinator, US News Digital Ventures, Mercor, Valon Mortgage and others. […]
AI-native lending platform Copperlane lands $4.1M seed round Read More »
The Consumer Financial Protection Bureau (CFPB) could finalize changes to its Regulation X servicing rules while creating a regulatory pathway for streamlined refinances through the government-sponsored enterprises (GSEs) by the end of this year, mortgage industry sources told HousingWire. Meanwhile, prospects for changes to the loan originator compensation rule (LO Comp Rule) — particularly revisions
CFPB prioritizes Reg X, GSE streamline refis as LO Comp hopes fade Read More »
Rate has added Scottsdale, Arizona-based loan originator Kelsey Marquardt to the company, the Chicago-based national mortgage lender announced Friday, as competition for high-producing loan officers continues across the mortgage industry. Marquardt, who has generated more than $85 million in loan production, joins Rate after a three-month stint at Universal Lending Corp. She previously built her
Rate brings on Arizona-based LO Kelsey Marquardt Read More »
Loan officers are shifting their playbooks to keep deals alive as mortgage rates climb north of 6.6%. Originators are encouraging borrowers to ask for more seller credits, recalibrate their home search criteria and rush to close deals as quickly as possible. Rates for 30-year fixed mortgages reached 6.62% on Friday afternoon, up 5 basis points
How loan officers are saving deals as mortgage rates cross 6.6% Read More »
When it comes to the process of selling a reverse mortgage, John Luddy exemplifies the clichéd phrase, “been there, done that.” After 40 years in the mortgage industry, including more than 20 in the reverse channel, there’s not much that surprises the Connecticut-based senior vice president of Supreme Lending. At last week’s Reverse Mastermind Summit
Supreme Lending’s John Luddy on the ‘3 deadly sins’ of reverse mortgages Read More »
At last week’s Reverse Mastermind Summit in Tennessee, Bruce Simmons of American Liberty Mortgage shared some of the secrets behind his successful career as a reverse mortgage originator. His motivational message to the audience centered around helping them answer a key question: What is my why? Simmons, who’s based in Denver, outlined three key steps
Reverse mortgage originator shares sales mindset tips Read More »
Branch manager Austin Baker and his Houston-based team, Lasso Lending, have joined Supreme Lending, bringing more than $100 million in annual loan production to Supreme’s platform. The move deepens Supreme Lending’s presence in the Houston metropolitan area, one of the nation’s most active and competitive housing markets, according to the company’s announcement. Baker entered the
Supreme Lending brings on $100M Lasso Lending team Read More »
Benutech has launched two predictive analytics products aimed at helping real estate agents and mortgage loan officers identify potential home sellers and refinance candidates before they enter the market. The products, SellScore and RefiScore, are available through the company’s TitleToolbox platform. “SellScore and RefiScore give our clients the ability to stop guessing and start closing,”
Benutech offers predictive analytics suite for agent and loan officer prospecting Read More »
Three women with prominent roles in the reverse mortgage industry took the stage Tuesday at the Reverse Mastermind Summit in Knoxville, Tennessee, sharing personal stories while converging on sales advice around the power of narrative, the importance of relationships with financial planners and the need for higher professional standards. Christine Jensen of Fairway Home Mortgage
Women take the leadership reins at Reverse Mastermind Summit Read More »
FSBO.com on Wednesday announced the launch of a new loan officer portal designed to integrate mortgage professionals earlier into the for-sale-by-owner (FSBO) home selling process, as the company looks to create a more structured and collaborative transaction model. The platform allows loan officers to assist sellers with listing creation, marketing and buyer screening, while also
FSBO.com launches loan officer portal for consumer-directed listings Read More »