Mortgage technology

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.

Tech executives say that improperly incorporating new software with existing systems can result in breaches and leaked personal identifiable information.

The merger and the consolidation of the mortgage industry would not only reduce the ability for Latinos to participate in homeownership, the effects could cascade to the overall population writes the CEO of the National Association of Hispanic Real Estate Professionals

Lenders are focusing on these loans to drive new business as the refinancing market continues to decline in the face of higher interest rates.

Although mortgage lending has been under pressure due to rising rates, executives said they've seen "consistent demand or even increasing demand from a depository perspective."

Leaders of its parent company touted the success of subscription models and also made a case for its proposed merger with Black Knight in an earnings call

The platform allows homeowners to pay for their mortgage and recommends other home services of value.

The Connecticut mortgage vendor announced that after an exhaustive process of evaluating all options, it has decided to "cease doing business."

New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.

Regulators are raising alarm over the design applications that can manipulate consumers into buying products or services or compromise their personal information.

However, of those that would choose face-to-face interaction, 40% want it to include a hybrid or fully digital process.

Mortgage experts generally expect the switch to open up lending and potentially improve the predictability of loan performance — but some are worried about potential costs.

The new automation, which processes information on tens of thousands of projects, is designed to be useful to lenders financing single family units.