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Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers.
June 12 -
Appraisals are viewed as a choke point in the mortgage process. As the ranks of appraisers dwindle and technology advances, a new, AI-driven approach may not be far off.
June 10 -
Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work.
June 4 -
Increased use of the digital mortgage process contributes to improved closing times, but falls short when it comes to borrower education, according to a TD Bank survey.
May 30 -
Wells Fargo hired two seasoned veterans for their mortgage technology and data security expertise amid a digital era for financial industries.
May 29 -
Mortgage lending has a long way to go before most people associate it in any way with virtual reality.
May 29 -
After years of expansion as a public company, Ellie Mae went private and cut 10% of its workforce. But new ways to grow lie ahead, according to CEO Jonathan Corr.
May 28 -
Dan Gilbert, the billionaire founder of mortgage giant Quicken Loans Inc. and owner of the NBA's Cleveland Cavaliers, is "awake, responsive and resting comfortably," a day after suffering a stroke.
May 28 -
Dan Gilbert, the founder and chairman of Quicken Loans, was hospitalized on Sunday after suffering stroke-like symptoms, according to the Detroit News.
May 27 -
Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing gives it a major subservicer and will increase the Mount Laurel N.J.-based company's mortgage servicing rights portfolio by nearly 44%.
May 24