Also, Opendoor adds former Fannie Mae president to board, NFM promotes social media influencer and the Mortgage Bankers Association names its new director of member relations.

The top five lenders averaged more than $20 billion in mortgage originations through May.

The legacy technology will be retired on October 31, 2025, ICE said.

Executives at the super-regional bank told investors that years of investments are poised to start paying off in rising profits, but the market seemed skeptical about the company's plan forward.

While large institutions might rank low in customer satisfaction, the institutions that can build up client trust are also likely to see consumers more likely to share personal data, a leading analyst said.

Mark McArdle advised attendees to remain cautious about the reasons behind implementation of artificial intelligence.

The analytics tool takes a look at geography and borrower activity to help pinpoint areas with high concentrations of loans at risk from natural disasters.

The nonbank mortgage originators with the biggest fluctuation in funded loans between 2022 and 2023 saw an average change of 139.08%.

The CFPB changed how reverse mortgage lenders can appeal to older Americans. Their value is now pitched mainly through direct education, rather than through Tom Selleck.

Realpha, which currently does business in 20 Florida counties using its AI agent, is buying Be My Neighbor, a mortgage broker active in 26 states.

Ziggy Jonsson, SVP of engineering at Better, talks about the shop's technology and what the future holds for AI innovation.

The bank faced credit setbacks in the nation's capital and margin pressure this year. But it made a series of hires to reduce risk and diversify its loan portfolio, preparing for a new era of demand as the industry awaits interest rate cuts.

Homestar Financial began winding down operations last fall, but its capabilities as a Ginnie Mae issuer was attractive for Irvine, California-based OCMBC.

A and N Mortgage claims the value of customer data stolen by ex-employees exceeds $1 million.

The deal will create liquidity for the lender's shareholders while giving the distillery access to the mortgage company's sales tools, the firms said.

After hikes pinched profits across the industry, a move in the opposite direction could be the start of a more promising trend. But bankers caution that the immediate effects of a September rate cut figure to be small.

Other estimates suggest nonbank mortgage employment grew in July as the industry cautiously added staff to handle incremental growth in demand for loans.

The lender is asking U.S.Tax Court to find IRS adjustments in error and clear the company of any liability or penalties.

The Consumer Financial Protection Bureau said some non-profit hospitals are failing to provide assistance to low-income consumers, while landlords may be illegally charging fees to pay rent through online portals.

Details regarding the settlement are sparse, but will be finalized by Sept. 30, 2024, documents show.