Digital mortgages

Mortgage lender loanDepot is taking steps toward rebooting plans for an initial public offering, about five years after scrapping one at the last minute, according to people with knowledge of the matter.

Lenders and vendors are starting to realize that there are both areas in which artificial intelligence can be used more broadly, and areas in which technology’s role should be limited.

A deep understanding of the history of racial discrimination in both lending and technology is a prerequisite to the development of new technologies, panelists said.

Electronic notes did come in handy this year given the mortgage industry's need to operate remotely, but they also increase the government-sponsored enterprises' responsibility for monitoring the risk of multiple counterparties.

Any roadmaps for client service that existed before the pandemic have changed, according speakers at DigMo2020.

The government-sponsored enterprise’s seller/servicer guide is now integrated into the online portal. Freddie also improved the readability of loan-level reporting it provides, and has further changes in the works.

Jonathan Corr's departure from the nation's largest loan origination system company follows the completion of its sale to Intercontinental Exchange.

The company's remote online notarization provider, Notarize, says it's on track to close $100 billion in mortgage volume over the next 12 months.

The final version of the amended rule, like the original proposal, makes fair lending claims tougher to prove; but it does soften language that otherwise might have allowed mortgage companies to use algorithms to prove nondiscrimination.

The mortgage industry comes together to address current issues and prepare for a post-COVID marketplace Sept. 14 to 17.

The technology company arrived at this percentage by mapping federally declared disaster areas to the projects it helps lenders manage.

The decision is the latest development in an ongoing dispute between the shuttered company and its regulator.

The third annual survey seeks to identify and recognize the best employers in the industry.

Most are still operating in an analog world and are losing existing clients to the competition.

There is a shortage of notaries and that is being made worse by those lenders that don't offer remote online notarization.