Ellie Says New Service Cuts Turn Times by 3 Days
Developers of a technology platform that enables consumers to complete the steps in the home loan process without an originator are reporting that the platform has cut its clients' turn times by three days.
Artificial Intelligence For The Mortgage Industry
A host of offerings that utilize artificial intelligence to help mortgage firms become more efficient, cut costs and reduce risk have been recently launched. But there are some caveats.
What Borrowers Want From Digital Mortgage Process
With most prospective borrowers doing online research before beginning the mortgage process, home lenders can see big benefits from changes in their digital lending processes.
LOS, Correspondents Weigh Down Chase Jumbo Rating
A weak loan origination system and an increase in the share of delegated correspondent business has the originator rating of JPMorgan Chase & Co.'s banking subsidiary being downgraded.
Digitization in Non-Bank Home Lending
A report from the Department of the Treasury highlights technological advances made in financial services and offered recommendations for non-bank firms.
loanDepot's Jumbo Performance Strong, Conv Weak
loanDepot LLC does an excellent job of using technology to generate new business. But while its jumbo performance is strong, its conforming performance is considered weak.
HouseCanary Fires Back at Amrock's Fraud Accusations
HouseCanary is firing back at accusations made by Amrock Inc. that it used fraud to obtain a massive judgment -- suggesting Amrock might be behind stalking of HouseCanary employees.
Fraud Alleged by Quicken Affiliate in Huge Lawsuit
A valuation affiliate of Quicken Loans Inc. is accusing HouseCanary of using fraud to obtain a more than $700 million verdict in an ongoing lawsuit.
Mortgage Apps Use AI, Crowd Sourcing Other Tech
Mobile applications for banks and mortgage companies have ascended to new heights thanks to other technologies like crowd sourcing, digital concierge services and artificial intelligence. Lots of recent mobile research has been published.
FHA False Claims Actions Among Industry Concerns
Among the concerns shared by attendees at a recent secondary marketing conference is the legal uncertainty accompanying government-insured originations. A majority want a company-wide production management dashboard.