Technology

Class action lawsuits accuse the lender and servicer of negligence over the incident which compromised the sensitive data of tens of thousands of customers.

Jerry Halbrook, who also held key roles at a number of mortgage lenders like Pennymac and Nexstar, has been named president and COO of Covered Insurance.

There's a 13-percentage-point differential in the use of "advanced" mortgage fraud detection tools between banks and non-banks, with costs as a major reason why.

Shares of the online mortgage company known as Better rose, triggering multiple halts for volatility. They've gained more than 450% so far this year.

Many participants promoted AI-backed products aimed at promoting engagement and retention of existing customers, with features from deepfakes to voice agents.

A fintech sourcing shared ownership of second homes is getting a revolving credit line to fund loan sales into the secondary market for non-qualified mortgages.

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.

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.