Mortgage technology

The Black Knight-owned product and pricing engine was one of the reasons the Federal Trade Commission said it is contesting the transaction, which is now in court.

The new review requirements are set to go into effect in mid-September and will replace temporary guidance put in place following a 2021 building collapse.

While the possibilities for artificial intelligence's applications are vast, mortgage shops today are focused on having it identify borrowers who are in the market to purchase a property, according to a report from Stratmor.

Carrington Mortgage Services and its vendor also face three new federal lawsuits, which claim the number of customers impacted in their incidents exceeds 3 million clients.

Originations have plummeted and while servicing revenue exists, it could be undermined by expenses if a typical recession follows last year's rate rise.

The CEO of the world's largest asset manager said AI could have "some very large outcomes for long-term investing" and could also transform margins across sectors.

The vendor said it'll be providing "staff augmentation" supported by a cloud-based system and data it has.

The government-sponsored enterprise plans to further decentralize security services, which will enable risk management across the business, said Chita Elango, senior director of application security.

The government-sponsored enterprise has been using a predictive Jupiter Intelligence score suite to review its more than 17 million residential mortgage-related assets.

Those thinking about entering this space should consider whether they can build a sustainable operation in scale, niche or relationship lending, a report by Stratmor Group argues.

Limited regulation and elevated volatility limit current activity, but new offerings are still finding their way to market.

Housing market players navigated big changes, and controversy, as the spring market moved forward.

The company, funded by Calterra Capital and led by the former CEO of lender Avlis Partners, is launching the technology in a space that has limited vendor options.

Starting June 7, the enterprise's platform will be able to analyze pay stub information.

At least $83 million worth of loans were insured by the FHA without lenders following the necessary protocols, the department's inspector general claims.

The regulator, which is seeking to halt the combination, said arguments involving constitutionality of its proceedings are "impertinent" and "immaterial."

Despite the "wow" factor, programs like ChatGPT are not, by themselves, the right tool for anything in the home loan space, argues the Director of Research at FormFree and Associate Director of the Institute for Artificial Intelligence at The University of Georgia.

The hackers, on their dark web blog, recently threatened to release supposed company and borrower information if the lender did not pay.

The tools are there to create a faster loan process, but fear of noncompliance and reliance on old habits still prevail, industry technology leaders said at the Fintech Nexus USA conference this week.

New products that have come to market since the start of 2023 include one that aims to ensure TRID compliance and another that handles image processing for appraisals.