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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
9h ago
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AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.
June 22
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19
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Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18
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The Fathom Holdings purchase bolsters the retail platform's ambitions to become a one-stop shop for all homeownership needs, Bed Bath & Beyond's CEO said.
June 17 -
State mortgage regulators are favoring fines over fair, balanced supervision, and need a coordinated overhaul, according to the head of the CHLA.
June 17
Community Home Lenders of America -
The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
June 16
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This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
June 16
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The government said it was responding to a jailbreaking risk that Anthropic says is minimal.
June 13
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Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.
June 12
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More than half of prospective buyers said they would be comfortable purchasing a home without any direct human involvement, according to an industry survey.
June 11
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Tiffany To, CEO and co-founder of Ontollo, is bringing her background in enterprise artificial intelligence to the board of PennyMac Financial Services.
June 10
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The deal will bring Kiavi's assets onto Figure's blockchain environment, adding $7 billion in annual volume, and more than $100 million of monthly cash flow onto its blockchain-native warehouse marketplace, Democratized Prime.
June 10
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The number identifying it as such is significant, but not universal, as servicers also face product-specific challenges and determine whether and how to use AI.
June 9
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A notable cyber threat actor alleged it was behind a ransomware attack that impacted nearly 138,000 individuals, a claim refuted by the lender.
June 8
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Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.
June 8
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Intercontinental Exchange is among a new group of 150 enterprises to enter Project Glasswing, which has found over 10,000 software vulnerabilities since April.
June 4
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The agency is in discussions with the rent-rewards fintech regarding how it handled a card changeover after Wells Fargo ended its partner bank contract early.
June 4
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Following a recent acquisition, leaders of Valon and Carrington Mortgage Services discussed benefits of the agreement and the role of tech in servicing.
June 3
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The Department of Veterans Affairs will accept the legislatively-mandated partial-claim option soon and servicing systems must accommodate it by November 28th.
June 2
