Mortgage technology

Proceeds from the sales, which might not be the last, will pay down a personal loan secured by Nima Ghamsari's holdings.

The tool, which includes overlays for industry metrics like delinquencies, could be helpful to policymakers trying to size up the cost of natural disasters affecting properties.

Housing finance is in the midst of a cyclical transition in which every penny counts and technologies that offer efficiencies look attractive, but work must be done before this automation can bear fruit. What does it take to make meaningful operational changes today?

The seed round was led by Conversion Capital and also includes backing from Blend, Zillow and Figure.

A potential borrower should have a credit decision in the "matter of one minute," the lender said.

IT departments are largely focused on finding solutions that will beef up volume while shrinking expenses, those in the field say.

Two vendors have added non-agency mortgage and co-issue servicing sales respectively, and a government agency has confirmed that it's working on overcoming a hurdle to more scalable eNote use.

Tech executives say that improperly incorporating new software with existing systems can result in breaches and leaked personal identifiable information.

The merger and the consolidation of the mortgage industry would not only reduce the ability for Latinos to participate in homeownership, the effects could cascade to the overall population writes the CEO of the National Association of Hispanic Real Estate Professionals

Lenders are focusing on these loans to drive new business as the refinancing market continues to decline in the face of higher interest rates.