19+ hour, 13+ min ago   (731+ words) Independent mortgage brokers are actively taking advantage of the latest AI tools to grow their businesses. Instead of waiting for tech giants to dictate the market, originators are realizing the technology's immediate impact. "AI is a tool that's going to…...

2+ day, 13+ hour ago   (1387+ words) Figure Technology Solutions said mortgage partners using its platform generated substantially more home equity lending volume than their previous production would have predicted, adding an originator-level measure to a quarter marked by rapid marketplace growth and record profitability. Figure estimates…...

5+ day, 16+ hour ago   (1440+ words) The fight over Two Harbors Investment Corp. did not end when shareholders approved its sale to CrossCountry Mortgage. Now United Wholesale Mortgage wants damages. UWM Holdings Corp. and UWM Acquisitions 1 LLC sued Two Harbors in federal court Monday, seeking more…...

2+ week, 1+ day ago   (497+ words) Fannie Mae’s artificial intelligence and machine-learning governance requirements take effect Thursday, Aug. 6, giving approved seller/servicers a final deadline to formalize how the technology is used across mortgage origination and servicing. The requirements apply when a seller/servicer uses AI…...

2+ week, 2+ day ago   (440+ words) Optimal Blue has added VantageScore 4.0 to its product, pricing, and eligibility engine, along with its hedging, loan trading, and mortgage servicing rights valuation tools. The integration allows lenders to incorporate VantageScore 4.0 into pricing and eligibility decisions without moving between separate…...

2+ week, 2+ day ago   (559+ words) Method has introduced a portfolio-monitoring product designed to help mortgage lenders and servicers identify borrowers who may qualify for home equity loans, debt consolidation, or other credit products after closing. After a borrower provides consent, Method automatically refreshes liability data…...

2+ week, 2+ day ago   (1014+ words) GoodLeap is packaging a home equity line of credit as a Visa rewards card, giving homeowners ongoing access to as much as $150,000 for renovations, everyday purchases, and debt consolidation. The GoodLeap Home Visa Signature Card, announced Thursday, is backed by…...

2+ week, 4+ day ago   (920+ words) The competition to reshape mortgage credit scoring is rapidly moving into lender workflows, with FICO and TransUnion reporting sharp gains Tuesday in their respective next-generation models. More than 70 mortgage lenders have enrolled in FICO’s free-access program for FICO Score 10T, according…...

3+ week, 3+ day ago   (505+ words) Verus Mortgage Capital has replaced its legacy loan origination system with Vesta’s platform, deploying new automation and artificial intelligence tools across its non-QM operations. Verus purchases non-agency loans from correspondent lenders in all 50 states and the District of Columbia. The…...

3+ week, 6+ day ago   (193+ words) Elam also will help clients access the broader engineering, due diligence, and technical consulting capabilities available through Partner Engineering and Science, Inc. "Partner has the breadth and depth of services that are second to none," Elam said. "What attracted me…...