Technology News from National Mortgage News

The lender posted another deep eight-figure loss in the second quarter, and will miss a breakeven goal later this year, interim CEO Daniel Lewis said.

As generative and agentic AI gain traction, the possibility of model drift grows, with consequences ranging from poor loan decisions to reputational hits.

The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.

The move is aimed at bringing additional mortgage servicing rights and investment expertise to the technology company and its capital markets division.

The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.

The mortgage technology unit of Intercontinental Exchange reported a return to profitability in the second quarter, as revenues continued their recent rise.

The approvals expand BSI's ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, the company said.

The sale comes several months after private equity firm Hale Capital Partners acquired the financially troubled company formerly known as Voxtur Analytics.

Meanwhile, MISMO has updated its guide to incorporate the updated scores for use with mortgage insurers and VantageScore Solutions rolls out a new model, 5.0.

The mortgage unit of Rithm Capital anticipates annual savings from its upcoming move to the Valon servicing platform to approach $65 million.

Sentiment towards the presence of the structures backing AI development varies by generation, but a growing number of buyers are raising questions, Redfin says.

Chase edged out Rocket for the top spot in the annual mortgage servicer customer satisfaction survey, with depositories in seven of the top 10 spots.

More than 80% of lenders are evaluating AI tools across their businesses, yet only 17% have deployed the technology in live production workflows.

MISMO's updated SMART Doc guide arrives as digital adoption jumps from 74% to 90% of lenders — here's what's changed and who's still exposed.

Dynex Capital executives say they are preparing for future challenges from artificial intelligence's application to refinancing.

New interface shows temperature, precipitation and UV data on listings as weather overtakes affordability for the top reason Americans relocate, according to Redfin.

The major government-related secondary-market loan buyer is moving to a new approach that mortgage companies can start transitioning to later this year.

Bob Murphy was a key figure in vendor management as the co-founder of Lenders Service Inc., which is considered the first AMC, and later created ValuAmerica.

Increased use of artificial intelligence led to revenue growth and productivity gains during the second quarter, the bank's leaders said.

The deal has Carrington employing the fintech's AI agents at servicing contact centers to work either autonomously or as assistants to human personnel.