Technology

United Wholesale Mortgage has rolled out a new tool that allows mortgage brokers to receive automated income verification.

Multichannel loan origination system provider OpenClose has added a rate sheet generator to its product and pricing engine.

Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.

IBM will purchase Promontory Financial Group — a consultancy so influential it has been dubbed the industry's "shadow regulator" — in a move that could extend artificial intelligence into every aspect of banking.

The jury is still out on whether new sports stadiums are economic engines for their communities. But when it comes to housing alone, new stadiums are a boon for local home sales, but don't always contribute to home price appreciation.

Sperlonga Data & Analytics has begun reporting homeowner and condominium association payments and account statuses to Equifax.

Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

Fannie Mae employees will be working this weekend to update the agency's automated underwriting machine to process trended data for the first time.

The National Association of Realtors has partnered with VA Loan Captain to create a platform designed to help its members better serve the needs of military and veteran homebuyers and sellers.

The granular data and quick decisions that can help field a winning fantasy football team have a lot in common with the analytics tools that mortgage lenders use to monitor and evaluate their operations.