The offices of Covino & Co., a South Salem, N.Y.-based wholesaler that also does business as Luxmac, are closed until March 22 because of the Nor'easter that slammed the greater New York metropolitan area this past weekend. A statement in an e-mail and on the company's website said the closure is a result of a power outage in the office. "We apologize for any inconvenience this may cause. We are confident that the power crews will restore power to our area by the end of the week." Covino & Co. is managed by industry veteran Michael Covino. The firm also brokers loans on occasion.
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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.
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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.
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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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