Mortgage technology

Katherine Campbell, the founder of Leopard Job and former chief marketing officer at AnnieMac, foresees that many back-end jobs will cease to exist as new technologies take over.

The blockchain fintech has purportedly tapped Goldman Sachs Group Inc., JPMorgan Chase & Co. and Jefferies Financial Group Inc. to help with the initiative, per Bloomberg's reporting.

The Department of Housing and Urban Development's inspector general notes soaring inflation and a rapid increase in interest rates as factors negatively impacting nonbanks and heightening risk for the government guarantor.

With increasing focus on artificial intelligence in mainstream culture, the home lending field is making progress to adopt it across a variety of functions in the business. Here we round up a few recent developments in the space.

While it can also be used to obtain mortgage and other product information, the app features teaming personal wellbeing content from Dr. Deepak Chopra.

Mike Cagney, the fintech's CEO, said Tuesday the project came about in reaction to an industry need for a private capital market.

The firm says the product can save companies in excess of 30% of their existing cost structure.

Some of the lender's servicing systems continue to be shutdown as of Wednesday.

The fintech rolled out a Lending-as-a-Service (LaaS) platform, which gives lenders access to its system. The first mortgage shop to sign up is Guaranteed Rate.

The newly merged ICE Mortgage Technology entered into agreements with two companies this week to facilitate closings and income verification.

Some of the lender and servicer's systems are offline following the attack on Oct. 31.

While the addition of Black Knight is already paying off in terms of cross-sell success, the unit has posted operating losses in five of the last six quarters.

The Toronto-based company is looking at local and international expansion, CEO Shubha Dasgupta said.