Technology
Technology
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Lenders need to look at both data and algorithms to avoid inadvertent redlining complaints, not just in decision making but customer contact too.
June 12 -
The proposed class action suit claims the fintech lender purposefully pushed customers applying for HELOC loans into higher rates, or misrepresented rates at the beginning.
June 11 -
The pairing of these rule sets can multiply the layers of compliance to vet when adopting new technology. Here's how experts suggest approaching this challenge.
June 11 -
The position had been occupied by Scott Smith on an interim basis following Black Knight's sale of the company to Constellation Software.
June 10 -
With millions of Black and Hispanic consumers likely to become new homeowners over the coming decades, the lending community stands to benefit if they are willing to combine expanded underwriting with direct outreach.
June 10 -
Executive Vice President of Strategy and Growth at Clear Capital, Kenon Chen, on how the company is using machine learning and computer vision to analyze and compare property values.
June 10 -
In recent years, the wealth gulf between white and Black families has only grown. But there is hope that advances in fintech, such as wider adoption of artificial intelligence, can help.
June 6 -
Acting Comptroller of the Currency Michael Hsu Thursday said AI providers and end-users — including banks — should share responsibility for errors that derive from artificial intelligence models.
June 6 -
The Consumer Financial Protection Bureau issued a final rule pursuant to its broader open banking proposal Wednesday that would require standard-setting bodies to include public interest consumer groups and others to receive bureau recognition.
June 5 -
Test your knowledge of the biggest mortgage headlines, from the "zombie property apocalypse" to fraud. No. 2 pencil not required!
June 3 -
The title insurance giant was one of several major mortgage players to suffer a hack late last year.
May 31 -
The assumption process is highly manual and time consuming and the change from Dark Matter enables lenders to pull data from MSP back into the Empower system.
May 30 -
The ease of producing a fake video means financial businesses and their clients stand at risk of being targeted by fraudsters.
May 27 -
A Connecticut judge gave preliminary approval of a $2.42 million settlement between the plaintiffs and Planet Home Lending. Plaintiffs could receive up to $2,000 from the settlement fund.
May 23 -
Test your knowledge of the biggest mortgage headlines, from overtime lawsuits to data breaches. No. 2 pencil not required!
May 23 -
All lenders experiencing system breaches must report the incidents within 12 hours of detection, the administration announced.
May 23 -
Mortgage-related businesses need to use a variety of low-cost tools to mitigate their risks, according to a panel of cyber risk leaders.
May 23 -
Fannie Mae called out AI's potential to end defects as Freddie Mac sought to spur current loan-quality tool use by quantifying benefits at an industry meeting.
May 22 -
The hack that occurred in December affected 27,746 mortgage customers, the South Carolina-based lender said.
May 21 -
The two mortgage consultancy firms touted services that complement each other and will transition to a single brand name in the coming months.
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