Melville, N.Y.-based American Brokers Conduit has launched a website that offers mortgage brokers a new set of tools and resources that allow them to manage the loan process online from locking to pipeline status.In addition, marketing materials can be individually customized for brokers to use for customer retention purposes, the company said. ABC, the wholesale division of American Home Mortgage Investment Corp., a mortgage real estate investment trust, is the 13th-largest mortgage wholesaler lender in the nation. At the end of the first quarter, ABC had a network of over 8,000 wholesale brokers, an increase of over 40% since the end of the fourth quarter and up from 2,839 brokers at the beginning of 2004. The new website can be found at http://www.abconduit.com.
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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 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
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 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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