Citing artificial intelligence as the differentiator, United Mortgage Lenders, Boca Raton, Fla., has chosen MindBox's ARTOptimize product suite for its Bulls-Eye point-of-sale decisioning system.The artificial intelligence of the system takes it beyond pre-qualification and automated underwriting. "It can be taught how to behave and what to present to the loan officer," said UML president and CEO Jamie Thornton. "If a new investor enters the picture, we can teach the system the new investor's product eligibility rules, pricing & pricing adjustments by updating the rules in the MindBox Power Editor." The Greenbrae, CA-based MDA Mindbox's decisioning systems feature rule- and case-based reasoning software.
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Copper Ridge Ventures has joint venture businesses with mortgage loan officers and real estate professionals using the same broker model as NEXA Lending.
6h ago -
VantageScore 4.0 has been incorporated into the existing processes at Rocket for both the retail and mortgage broker-facing origination businesses.
7h ago -
The pace of contract signings surged at its fastest in three years in a break from the more stagnant conditions of past home buying seasons, Realtor.com said.
9h ago -
With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.
11h ago -
Artificial intelligence's ability to uncover and analyze granular data across large volumes of files may result in AI agents executing trades themselves, mortgage leaders said.
May 21 -
A capital rule overhaul could make bank charters attractive to independent mortgage banks, reshaping who controls home lending in America.
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