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Mortgage technology

Figure files first blockchain-native equity to shake up equity stack

Cryptocurrency, IPOs, Mortgage technology /

Figure filed for a proposed offering of its new Blockchain Stock Monday, with hopes of disrupting the vertical equity stack. The Blockchain Stock will be a blockchain-native class of equity securities, trade on Figure’s alternative trading system and will be convertible one-for-one into shares of Figure’s Class A Common Stock, the company said in a […]

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OpenAI–Intuit deal brings financial actions to ChatGPT

OpenAI–Intuit deal brings financial actions to ChatGPT

Artificial Intelligence, Credit, Mortgage technology /

Intuit and OpenAI announced a multi-year partnership Tuesday, marking another stride in the financial sector’s push toward widespread adoption of AI.  Under the agreement, Intuit-powered apps, such as Intuit TurboTax, Credit Karma, QuickBooks and Mailchimp, will be in ChatGPT, allowing users to take financial actions directly through the AI chatbot. With knowledge of their financial

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Freddie Mac adds mortgage quality control automation tool

Fraud, Freddie Mac, LOAN PRODUCTS, Mortgage technology, Originations, Secondary markets, Underwriting /

Fraud and misrepresentation remain persistent challenges in the mortgage industry and Freddie Mac is responding by bringing Quality Control Advisor Plus to the market, a tool which automates this compliance function. The tool is currently in a phased onboarding process with plans to make it available to all lenders by year-end, including the participants in

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Citi tops J.D. Power mortgage satisfaction rankings

Marketing, MARKETING TO BORROWERS, Mortgage technology, Originations, Underwriting /

A change in mindset, away from the transactional and more towards creating relationships has led to higher customer satisfaction scores, improved trust and increased levels of brand loyalty, the latest J.D. Power survey found. But in what can be termed as a surprise in the results, Citi had the highest score in the 2025 U.S.

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Why even profitable lenders are thinking about selling

Artificial Intelligence, M&A, Mortgage technology /

A big year for mergers and acquisitions in the mortgage space has even profitable companies weighing moves as buyers are ponying up premiums.  Stratmor Group Senior Partner Garth Graham said the strategic advisory firm is in the process of transactions with profitable companies who in past cycles would’ve stood pat, but are now mulling whether

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Pulte suggests new Fannie Mae, Freddie Mac business deals

Fannie Mae, Freddie Mac, GSEs, Mortgage technology, Politics and policy, Technology /

Bill Pulte said the government-sponsored enterprises will see partnerships emerge as he eyes their money-making potential, while also upping criticism of homebuilders and the Fed chair at a housing conference Friday.   In a call with attendees at the Residay 2025 conference in New York, the Federal Housing Finance Agency director pointed at the recent Trump

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Fannie Mae updates credit score language in DU update

Fannie Mae, Industry News, Mortgage technology, Originations, Underwriting /

Fannie Mae announced updates to underwriting guidelines, including a change that removes mention of a long-standing minimum credit score benchmark.  Instead of a minimum score used to address risk, Fannie Mae updated language behind the previous requirement with a minimum credit risk standard based on evaluations made in its Desktop Underwriter system itself. “The minimum

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Built rolls out agentic AI to speed construction loan draws

Artificial Intelligence, Construction industry, Mortgage technology, Technology /

Agentic AI is moving from hype to real use cases in financial services, and Built is staking its claim in the space. The construction finance tech firm on Tuesday launched Draw Agent, an AI tool designed to speed and simplify construction loan draw reviews, one of the most time-intensive workflows in the lending process.  

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Finance of America reports 3Q loss, nine-month profit

Capital markets, Earnings, Mortgage technology, Originations, Reverse mortgages, Secondary markets, Technology /

Reverse mortgage company Finance of America’s continuing operations took a net loss on a one-time adjustment in the third quarter, but it was profitable on that basis for the year-to-date, unaudited interim results show. The company reported a $29 million in net loss from continuing operations during the third quarter due to home price model

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