Mortgage technology

Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed.

This transaction, following Rocket's purchase of Redfin, could be the start of the creation of large players to compete with the likes of Zillow.

Consumer Financial Protection Bureau Director Rohit Chopra will be looking at whether automation accommodates or undermines potential savings from refinancing.

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

The lender denied its software uses artificial intelligence in fighting a 'digital redlining' case.

The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.

The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.

Between a new partnership with REdistribute and two other agreements, the mortgage technology company says it has access to over 90% of property listing data.

Anne Marie Pippin, associate director in the Federal Housing Finance Agency's Office of Financial Technology, weighs the forces shaping the industry's future.

Though home mortgage issuance has slumped in line with originations, new potential bank capital rules and increased consumer debt consolidation could boost activity for these two subsets in the secondary market.

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.