Mortgage technology

One in eight appraisal-related fees are covered by lenders, a survey conducted by Stratmor Group found.

The group represents the fourth class of startups in the history of the program and the first since the home lender's merger with New York Community Bank late last year.

Negotiations are ongoing, but the legal move ends the restraining order trial in federal court scheduled for Aug. 14.

Lender Toolkit provides services to support ICE Mortgage Technology's Encompass platform, along with artificial intelligence software.

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.

Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.

But its mortgage business remains a money loser, and it wasn't a great period for the acquisition target either.

The deal is expected to help Stavvy further growth of digital self-service loss-mitigation options for borrowers and their lenders.

Originators said they appreciate the easy sign-up and are optimistic after the social media app's rapid growth.

The company also has been upgrading technology to manage its large servicing portfolio, which, with pending additions, is within reach of Chairman and CEO Jay Bray's $1 trillion goal.

The Mortgage Cadence's pipeline of potential customers has shifted from "niche players" to primarily nonbank lenders, Executive Vice President Joe Camerieri said.

Accurate, timely data can hold the secret to understanding and anticipating your business needs. Insights by ICE Mortgage Technology™ provides an easy-to-use application to access industry and peer group data as well as industry benchmarking, so you can be better informed to make smart data-driven business decisions.

While the divestment alleviates one of the concerns the Federal Trade Commission had regarding the combination with Intercontinental Exchange, question marks abound.

Over 111,000 distressed mortgage holders opted into a loan modification program during the COVID-19 pandemic by using a designated digital platform or app, according to Black Knight.

Industry guidance remains slim, but originators said they're not exposing personally identifiable information in their use of the chatbot.

The chattel financing firm's cash infusion is in addition to a $15.5 million venture round in 2022 and a Series A earlier this year.

The interactive tool can answer consumer questions about the mortgage process, explain the difference between products and give an approximate quote.

The newest participants in the blockchain-focused lender's private-label lending business are CMG Financial, CrossCountry Mortgage, Fairway Independent Mortgage and The Loan Store.