Origination

While recent homeowners overwhelmingly support digital innovation that leads to faster, streamlined transactions, AI is "still not a trusted system for many borrowers," Cloudvirga said.

Contract closings decreased 1% from a month earlier to a 3.84 million annualized rate, according to figures released Wednesday from the National Association of Realtors.

The post-pandemic normalization of the housing market, economic factors and natural disasters, are contributing to the rise in late payments, ICE Mortgage Technology said.

U.S. mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge in mortgage rates.

The correspondent giant says it has over 4,400 approved brokers, and technology rivaling channel leaders Rocket Pro TPO and United Wholesale Mortgage.

A pair of mortgage technology providers are bringing out tools to increase customer retention rates among servicers and originators.

Wall Street are paring back bets on aggressive policy easing as the U.S. economy remains robust and Fed officials have sounded a cautious tone over the pace of future rate decreases.

The top five states saw an average change in average mortgage rates of 3.15% quarter-over-quarter.

The complaint focused on 41 employees which allegedly accounted for $260 million in annual production volume.

Recent polling an industry group analyzed points to a range of outcomes that could create opportunities and risks for commercial and residential financing.