Technology

Carrington Mortgage Services and its vendor also face three new federal lawsuits, which claim the number of customers impacted in their incidents exceeds 3 million clients.

Originations have plummeted and while servicing revenue exists, it could be undermined by expenses if a typical recession follows last year's rate rise.

The CEO of the world's largest asset manager said AI could have "some very large outcomes for long-term investing" and could also transform margins across sectors.

The vendor said it'll be providing "staff augmentation" supported by a cloud-based system and data it has.

Mortgage companies are using AI and other tools to reach those who expect nothing less than a super-personalized and interactive experience from their online services.

The government-sponsored enterprise plans to further decentralize security services, which will enable risk management across the business, said Chita Elango, senior director of application security.

The government-sponsored enterprise has been using a predictive Jupiter Intelligence score suite to review its more than 17 million residential mortgage-related assets.

Those thinking about entering this space should consider whether they can build a sustainable operation in scale, niche or relationship lending, a report by Stratmor Group argues.

Limited regulation and elevated volatility limit current activity, but new offerings are still finding their way to market.

Housing market players navigated big changes, and controversy, as the spring market moved forward.