Mortgage technology

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.