P. Sheridan "Schecky" Schechner is joining J.P. Morgan Chase as national head of origination for commercial mortgage-backed securities in the fall, according to a company spokesman.Mr. Schechner has worked at Goldman Sachs for the last 20 years, and his appointment to the newly created position at Goldman is a "pretty strong symbol we're planning on making a real investment in the business," the spokesman said. In his new position, Mr. Schechner will report to the co-heads of J.P. Morgan Chase's CMBS unit, Steve Schwartz and Brian Baker.
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In 8-minute presentations, tech providers showed how they're utilizing artificial intelligence to automate entire workflows, supercharge capacity and emphasize compliance.
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The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
September 21 -
New September funding includes a Series A round for agentic platform Kastle and an investment into Celligence's AngelAI, both with natural-language features.
September 21 -
Borrowers hold a total of $17.9 trillion in home equity in the United States, equal to $310,000 per homeowner, according to Cotality.
September 21 -
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
September 21 -
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
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