Technology

Michigan-based University Bancorp is paying $30 million for a 50.5% stake in a business Voxtur acquired for $101 million in 2022.

Four conceptual applications were chosen that address pain points in single and multifamily housing.

While the federal banking agencies are not changing any current rules, they issued a joint statement Thursday cautioning banks about risks in third-party deposit partnerships. They are also seeking public input on bank-fintech partnerships more generally.

In considering the purchase of new digital mortgage tools, look at technology through the eyes of borrowers and how it can help ease their anxiety, originators say.

Sluggish gain-on-sale margins however were the result of competitive pricing in the market, the company said.

Witnesses from companies across financial services and housing, including a credit union and a core services provider, attested to the value of AI in fighting fraud and boosting customer service at a hearing in the House of Representatives.

Not every audit will save a dollar, but paying for check-ups will stem further expenses, industry veterans say.

The tool will streamline the LOs search for company mortgage offerings, guidelines and product-related questions, Guild said.

Issues or errors in closing-protection letters appeared in over 45% of loans, a record-high share, according to Fundingshield.

Iannitti co-founded the document company in 1987 and later took a leading role in promoting eMortgage process adoption.