It looks as though reverse mortgage pitchman Robert Wagner (of âIt Takes a Thiefâ TV fame) is out on the streets after his employer, Reverse Mortgage Network, pulled the plug on its HECM origination program. A source familiar with the matter tells us that RMNâs owner thought it had a deal to sell the company but the buyer recently backed out. The full story will be on the National Mortgage News website later today...
In 8-minute presentations, tech providers showed how they're utilizing artificial intelligence to automate entire workflows, supercharge capacity and emphasize compliance.
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.
New September funding includes a Series A round for agentic platform Kastle and an investment into Celligence's AngelAI, both with natural-language features.
Borrowers hold a total of $17.9 trillion in home equity in the United States, equal to $310,000 per homeowner, according to Cotality.
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
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.
