TrueClose, a Pittsburgh-based technology provider for the mortgage industry, has launched what it says is the first paperless mortgage origination platform for the mortgage industry.The TrueClose paperless platform enables mortgage professionals to identify, introduce, accept, and process mortgage actions that leverage the convenience, speed, and cost efficiencies of the Web, the company said. Specifically designed to manage the entire mortgage process, TrueClose allows service providers such as title insurers, appraisal services, real estate professionals, and settlement agents to engage in an electronic document exchange. TrueClose can be found on the Web at www.trueclose.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.
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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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