Mortgage technology

The pending merger of Black Knight and ICE threatens to create a monopoly not unlike Ticketmaster, writes the chief executive officer of Figure Technologies.

Despite cutting back on other tech spending, some lenders plan to deploy these tools in the second quarter of next year, the company's director of banking, mortgage and insurance automation solutions says.

Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.

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.