Loan officers say that the platform discourages them from originating loans.

Sandra Thompson said millennials entering the homebuying market are used to immediacy and more must be done to streamline the homebuying process

Compliance is crucial in light of regulatory attention to mortgage companies' ability to provide continuity of care to distressed borrowers in particular.

The link between digital servicing and marketing automation will disseminate information through efficient means, such as a short video that explains escrow analysis.

The automation is aimed at ensuring compliance-sensitive information gets transferred with an audit trail in an active MSR market.

From new appraisal alternatives to the use of blockchain to protect HMDA data, speakers sought to ensure the regulator had a handle on innovations that touch the secondary mortgage markets.

The New York-based company announced it will use ACES' quality management and control software.

The Biden administration is setting the tone for new rules governing businesses' use of artificial intelligence, including in lending. Some call it a "toothless tiger," while others worry that it goes too far.

While intercompany relationships are established in any environment, activity seems to pick up when business declines.

The latter company helped build a platform that served a similar purpose for a nonprofit entity during the Great Recession, and later continued to support an updated version of that technology.

Methods to combat the discrimination include lender disclosures explaining the process, industry guidance around reconsiderations of value, uniform 3D property scans and more automated valuation models easier to audit than manual valuations.

The partnership is starting off small but ultimately aims to sell real estate through non-fungible tokens on a broader scale than others have in the past.

The partnership allows prospective borrowers to upload bank or payroll information and work with loan officers online through the signing process.

Angel Oak Capital Advisors has helped institutional clients buy subordinated debt with the assistance of a distributed ledger developed by Brightvine. Benefits to the issuer and investors include a central place to find all documents and automated updates when banks pay off their loans.

The Federal Housing Administration also announced it would incorporate similar borrower history into its underwriting beginning at the end of October.

The online lender approved Black applicants at lower rates than non-Hispanic whites, according to a law firm that monitors its artificial intelligence models. Upstart said it's an industry leader in fair lending but acknowledged room for improvement, calling disparities "an industry-wide challenge."

A Midwest lender is also laying off local employees while a Florida bank is shutting down its nationwide network of mortgage offices.

Plaintiffs in two similar class action complaints accuse the companies of failing to protect their Social Security numbers and loan information.

A new group called MoreThanFair aims to establish the lines between fair and unfair lending, to set best practices for the use of AI in lending and to lessen the stigma of fintech lenders.

The Federal Housing Finance Agency's new office will assess technology solutions for an industry viewed by many as too slow to embrace digital efficiencies.