Technology

The Connecticut mortgage vendor announced that after an exhaustive process of evaluating all options, it has decided to "cease doing business."

New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.

Regulators are raising alarm over the design applications that can manipulate consumers into buying products or services or compromise their personal information.

However, of those that would choose face-to-face interaction, 40% want it to include a hybrid or fully digital process.

Mortgage experts generally expect the switch to open up lending and potentially improve the predictability of loan performance — but some are worried about potential costs.

 Lenders can utilize blockchain technology to originate fully digital, tokenized mortgage assets on the chain. How does it work, and how can mortgage companies benefit from integrating with this technology?

The new automation, which processes information on tens of thousands of projects, is designed to be useful to lenders financing single family units.

The government agency, an arm of the Department of Housing and Urban Development, plans to implement the change by no later than the first quarter of 2023.

The New York-based software provider will provide post-closing quality control and quality assurance reviews.

The government guarantor's securitization platform went offline on October 19 and will reemerge on October 25.