Technology

Whereas AI can supercharge returns on investment in fulfillment and databases, the tech may also replace your entire staff, experts warned.

As fulfillment spills into sales operations and artificial intelligence takes over more originator duties, executives emphasize maintaining a human in the loop.

New research from National Mortgage News finds that nonbank mortgage firms are leading the pack of tech adopters, outpacing many financial institutions.

Vieaux, currently president of Finlocker, will be stepping into the role at the Mortgage Industry Standards Maintenance Organization on Oct. 16.

Elimination of the mundane and the elevation of specialized experts able to train AI are among the changes the mortgage industry may see, its leaders say.

The opening trades were at $11 higher than what Figure priced the initial public offering, and in early action, the stock has ranged from $32 to $37 per share.

The company valued its 31.5 million share common stock sale at $25 per share, higher than the last announced expected range of between $20 and $22.

Fairway Home Mortgage wants to give its loan officers tools to analyze data in order to spend more time helping their customers than going through paperwork.

Intent typically plays a key role in whether or not allegations that a borrower misrepresented a property's status can be proved, mortgage industry experts say.