Mortgage technology

The company also has plans to bring on board $37 billion in subservicing contracts in line with its acquisition of Rushmore Loan Management Services.

An interagency statement warned that automated systems have the potential to perpetuate discrimination and that such systems should be developed and used "in a manner consistent with federal laws."

A Consumer Financial Protection Bureau case against the lender involved is still pending and could have broader implications for compliance issues.

Investment in software that reduces costs and improves efficiency has slowed but innovation continues.

A federal judge recently gave the go-ahead to the lawsuit from the larger company against its smaller competitor.

The Federal Trade Commission is seeking a temporary restraining order to prevent the deal from being completed prior to its July 12 administrative hearing.

A Connecticut Superior Court Judge has reviewed a long-running legal dispute that could define the role loan officers in direct mortgage operations play in originations.

Homebuyers in Colorado, Florida and Texas can apply for a minimum $1 million loan with the company.

The state will introduce new rules in 2024, while North Carolina and Delaware have similar legislation coming into effect this summer.

The new business line offers consumer-facing digital strategies and analysis of related data that can help with customer retention.