Mortgage technology

Rocket made waves in 2016 when it promoted its online streamlined application process during Super Bowl 50. This now takes the process to the other end.

Lenders are using third-party sources, which provide insights ranging from consumers' credit profile to social media messaging, to supplement information they collect.

Younger mortgage tech software developers reveal new efficiencies they're creating for lenders.

A "Big 3" credit bureau is testing a direct data feed into a FICO score, and a top multifamily mortgage lender signed a multiyear contract with a high-profile fintech platform.

Even though a Compass Point report states the pair have validated the credit scoring model and could implement it in the first quarter of 2023, interested parties would not verify it.

The application process was regarded more positively, which suggests originators have been successful at improving in this area.

The government mortgage-bond insurer's technology initiative has made "huge strides" since June, when it relaunched with new flexibilities, President Alanna McCargo said.

The company, which provides "buy before you sell" and cash offer financing, cited a challenging real estate market and grim venture-capital outlook.

Traditional metrics provide limited insight as to whether a portfolio is on its way to reperformance, so instead of tracking things like calls per employee, measure the number of homeowners helped.

Morgan will now convert a pre-approved property-specific loan to a property agnostic tradable non-fungible token backed by real dollars and guaranteed by the lender.