Digital mortgages

Lenders have yet to publicly address the trendy software that's made headlines for its capabilities to write creative prompts, solve complex problems and generate and repair computer codes.

One product aims to make it easier to customize connections with consumers, another helps with vendor management and a third helps size up collateral.

While mortgage and real estate startups currently face a challenging environment in seeking investors, some companies are finding venture capital.

The pending merger of Black Knight and ICE threatens to create a monopoly not unlike Ticketmaster, writes the chief executive officer of Figure Technologies.

Despite cutting back on other tech spending, some lenders plan to deploy these tools in the second quarter of next year, the company's director of banking, mortgage and insurance automation solutions says.

Housing finance is in the midst of a cyclical transition in which every penny counts and technologies that offer efficiencies look attractive, but work must be done before this automation can bear fruit. What does it take to make meaningful operational changes today?

IT departments are largely focused on finding solutions that will beef up volume while shrinking expenses, those in the field say.