While the mortgage industry is watching how the situation between UWM Holdings and an unnamed buyer for Two Harbors will work out, another large lender is diving headlong into a merger. Processing Content CrossCountry Mortgage, the Cleveland-based lender that says it’s been No. 1 in retail three years running, has agreed to buy another privately […]
CrossCountry adding top 35 lender Summit Funding Read More »
While AI implementation can be a daunting task, acting thoughtfully and intentionally will set businesses up for maximum value, leading executives of leading AI software companies said during a panel at the ICE Experience conference in Las Vegas on Wednesday. Processing Content “It’s not just where we’re at today, it’s your roadmaps — how everybody
Anthropic, Google on maximizing mortgage AI Read More »
While President Trump’s executive order promoting increased access to mortgage credit makes prominent mention of digital loans and remote online notarization, the practical effect might be limited. Processing Content RON is already allowed in 48 states and the District of Columbia; though some of those still only have temporary authorization in place. However, even with
Trump push on RON faces real-world limits Read More »
Artificial intelligence has reached the negotiating table. Processing Content A South Florida man this month described how he sold his house using ChatGPT as his real estate agent, a choice he claimed led to meaningful savings. Robert Levine told NBC South Florida he used the chatbot for much of the process, from pulling together marketing
What happens when you use ChatGPT to sell your home? Read More »
Ramping up its investments in artificial intelligence, Intercontinental Exchange’s mortgage technology division announced plans to roll out borrower-facing AI voice and chat agents on its servicing platform, intended to help business partners better assist homeowners. Processing Content Leaders from the company unveiled the agents at its ICE Experience conference in Las Vegas on Tuesday. Currently
ICE upgrades servicing platform with AI voice, chat agents Read More »
A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years. Processing Content Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur’s existing senior secured indebtedness from Bank of Montreal in September, an obligation the
PE firm buys mortgage tech company formerly known as Voxtur Read More »
Anthropic PBC sued the Defense Department for declaring that the artificial intelligence giant posed a risk to the US supply chain, further ramping up a high-stakes dispute with the Pentagon over safeguards on the company’s technology. Processing Content San Francisco-based Anthropic is challenging a decision by the department and other federal agencies like the Federal
Anthropic sues US government over supply chain risk label Read More »
Will mortgage rates go higher this year? You can bet on it. Processing Content Predictions market platforms Kalshi and Polymarket now feature nascent trading on where the 30-year fixed-rate mortgage will move this year. Anonymous traders have placed tens of thousands of dollars so far between the competing sites on “yes” or “no” contracts against
How Kalshi, Polymarket bets on mortgage rates are being watched by lenders Read More »
The Mortgage Industry Standards Maintenance Organization has moved a pair of initiatives related to two government-guaranteed mortgage loans programs up to candidate recommendation status. Processing Content First, the data mapping for a key form in the Veterans Affairs loan process has achieved this status, meaning the standard has been thoroughly reviewed by industry participants and
MISMO releases VA, FHA form standards for industry use Read More »
Better Home & Finance launched an app which allows users to connect to its Tinman underwriting engine directly in ChatGPT from OpenAI. Processing Content Access is through a custom Model Context Protocol connector built by Better in collaboration with OpenAI. MCP is an open standard which enables integration between large language model applications and external
Better’s Tinman engine now accessible from OpenAI’s ChatGPT Read More »