Mortgage technology

Questions about how it will be implemented and whether the rest of the market will follow the agency's lead make the expense involved difficult to estimate.

MSP users who are not Encompass customers are a particular target and vice versa, ICE Mortgage Technology chair Ben Jackson said.

Lenders used the firm's software in nearly a quarter of originations in the second half of last year, up from 14% over the same period in 2021.

The neobank purchased the fintech lender in an all-cash offer, but did not disclose the price tag.

Loan officers say that the platform discourages them from originating loans.

Ashley D. Bell and Bernice A. King, respectively the CEO and advisory council chair of Ready Life, are teaming up to help folks with poor credit buy a home by using rent payment history for mortgage underwriting.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

Home valuation professionals have had mixed feelings about automation out of concern that some forms could result in less accurate assessments.

The expanded credit access in its automated mortgage decisioning goes into effect in mid September.

The company is looking to sell 20 million shares, with a 3 million underwriters' option, at between $16 and $18 per share.