Mortgage technology

As many had predicted, the federal regulator will be seeking to halt the acquisition by Intercontinental Exchange, according to a report from Politico.

The deal would put housing data provided by the acquiring intelligence provider in front of lenders early in the mortgage borrowing process.

Lenders have yet to publicly address the trendy software that's made headlines for its capabilities to write creative prompts, solve complex problems and generate and repair computer codes.

Approximately 2,350 full-time employees and contractors — some of whom did mortgage-related work — were let go, according to the credit reporting agency.

Industry headwinds led numbers at the software and data provider downward at the end of the year, but company leaders said the unit is positioned well for a market snapback.

Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.

The new automation integrates with the company's customer-facing Servicing Digital software, and is aimed at helping consumers find temporary assistance with payment hardships.

Currently, there's no standard mechanism for lenders to easily access this information.

Some of the employees impacted are from recently acquired SimpleNexus

The migration to Empower LOS from the public company's own independent system should be completed by 2024.

Marianne Sullivan will be charged with overseeing the start of the second phase in a multi-year plan to develop cloud native technology at the servicing software company.

A survey of 100 lenders in December found that almost half (47%) of the participants closed a loan package using digital solutions, such as eSignatures and remote online notarization.

Company president and former Fannie Mae CEO Tim Mayopoulos will step down in the first quarter, one of four few resignations among leadership this month.

Among its major accomplishments in the past year were an update to its Reference Model, the foundation for most of its standards.

Difficult economic conditions will persist, with inflation and a potential recession weighing on minds, but investment in mortgage technology remains a priority, according to new survey research.

Automation similar to that used by appraisers working with homeowners during the pandemic can be used by inspectors getting information about damage from weather events and disasters too.

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.