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Mortgage technology

Ex-Ellie Mae CEO joins MeridianLink board after privatization

Career moves, M&A, Mortgage technology, Underwriting /

Jonathan Corr, who once headed up the nation’s largest origination system provider, Ellie Mae, has joined the board of directors of recently privatized competitor MeridianLink. Processing Content He is one of six new board members at MeridianLink, which was acquired by Centerbridge Partners and Silversmith Capital Partners in a deal which closed in October for […]

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Newrez projects 15% cost cut via AI investments

Earnings, Industry News, Mortgage technology, Originations /

Recent technology investments have Newrez expecting significant expense reductions beginning this year, while prospects of mergers or a mortgage spinoff from parent Rithm Capital wane, according to company executives. Processing Content In their first-quarter earnings call, leaders at Newrez said savings benefits on the originations side should appear in the second half of 2026 after

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Appraisal firm sues rival for using AI to replicate its tech

Appraisals, Law and legal issues, Mortgage technology /

An appraisal technology firm is suing a startup founder, claiming the nascent rival used commercially available artificial intelligence tools to recreate its products.  Processing Content True Footage sued Automax AI and founder Humza Ahmed last week for fraud, among other counts, in a California federal court, looking to stop the startup from profiting off their

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Former Rocket execs to offer broker platform, work with UWM

MARKETING TO BORROWERS, Mortgage technology, Originations /

Two former executives who left Rocket earlier this year are starting a company with an “all-in-one” technology platform that United Wholesale Mortgage is supporting. Processing Content United Wholesale Mortgage and the CEO of the new venture, Dan Sogorka, confirmed earlier HousingWire reports about plans for the new firm. Mike Fawaz is the founder of the

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New Dark Matter CEO eyes deals, AI-first future

New Dark Matter CEO eyes deals, AI-first future

Artificial Intelligence, Mortgage technology /

Dark Matter Technologies’ new CEO says acquisitions are going to play a vital role in his company’s future. Processing Content Former chief technology officer at the company, Vikas Rao, took over as the mortgage software company’s chief executive this month in an organizational leadership restructure also characterized by a leaner workforce. A veteran of technology

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CRM vendor sues Pennymac for software theft

Law and legal issues, Mortgage technology /

A small vendor is suing Pennymac for stealing its technology, in a case the litigant compared to the larger competitor’s previous spat with Black Knight.  Processing Content Surge, a customer relationship management vendor which claims to work with large wholesale lenders, sued Pennymac for breach of contract this week in a Michigan court. The plaintiff

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Buyers expect AI in mortgages, but trust is slipping

Artificial Intelligence, Housing markets, Mortgage technology, Originations /

The majority of homebuyers now expect artificial intelligence to play a role in the buying process but their trust in it is diminishing. Processing Content Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, according to a new study from Cotality. But 55% of buyers in the United States would prefer

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Dark Matter names AI-focused CEO, cuts staff

Dark Matter names AI-focused CEO, cuts staff

Career moves, Industry News, Mortgage technology /

Mortgage software provider Dark Matter Technologies has promoted its chief technology officer Vikas Rao to CEO in a move aimed at positioning itself to best compete in the artificial intelligence age.  Processing Content Rao replaces Sean Dugan, who headed the company for just over a year after previously serving as its chief revenue officer. Formed

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Kastle AI integrates with ICE’s mortgage servicing system

Kastle AI integrates with ICE’s mortgage servicing system

Artificial Intelligence, Industry News, Mortgage technology, Servicing /

Kastle AI is accelerating AI adoption for mortgage servicers by integrating with Intercontinental Exchange’s mortgage servicing system, MSP. Processing Content The integration allows servicers on MSP to deploy Kastle’s AI agents without building custom infrastructure, Kastle said in a press release Friday. Once authorized, Kastle can use the integration to access loan data and execute

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Fannie Mae establishes new AI governance guidelines

Artificial Intelligence, Fannie Mae, Industry News, Mortgage technology, Originations /

Fannie Mae released new guidelines surrounding the use of artificial intelligence and machine learning, joining its fellow government-sponsored enterprise in mandating new AI policy.   Processing Content Introduced last week, Fannie Mae’s rules officially take effect on Aug. 6 for sellers and servicers of loans it guarantees. Similar to updates already in place at Freddie Mac

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