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Author name: Ricky Vasquez

Pending home sales climbed in February as mortgage rates fell

Housing Inventory, Originations /

Pending sales of US existing homes unexpectedly rose in February for the first time in three months as buyers took advantage of lower mortgage rates and slower price growth. Processing Content An index of contract signings climbed 1.8%, according to National Association of Realtors data released Tuesday. The median forecast of economists surveyed by Bloomberg […]

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ICE upgrades servicing platform with AI voice, chat agents

ICE upgrades servicing platform with AI voice, chat agents

Artificial Intelligence, Industry News, Mortgage technology, Servicing /

Ramping up its investments in artificial intelligence, Intercontinental Exchange’s mortgage technology division announced plans to roll out borrower-facing AI voice and chat agents on its servicing platform, intended to help business partners better assist homeowners.  Processing Content Leaders from the company unveiled the agents at its ICE Experience conference in Las Vegas on Tuesday. Currently

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JAUST launches automated jumbo mortgage underwriting platform

credit report, Due Diligence, HWmember, Jumbo Mortgage, Mortgage, SAAS, Technology, Underwriting /

JAUST, an automated underwriting system (AUS) built specifically for jumbo mortgage originations, has launched with a cloud-native platform that aims to help lenders cut underwriting costs and accelerate decision times, the company announced Tuesday. The platform is designed for portfolio lenders and mortgage banks that manage dozens of jumbo investors and complex overlays. “The mortgage

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Reducing risk: Why logging, protection, and review matter

Contributors, HWmember, Mortgage, Opinion, Real Estate, Technology, Title /

In real estate, title insurance, and mortgage lending, transactions depend on technology operating accurately and securely behind the scenes. Every login, file access, system change, and integration generates activity that can either support business continuity or signal potential risk. One of the most overlooked yet powerful cybersecurity safeguards is maintaining and reviewing application logs. These

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Rhino targets climate risk home insurability in California

California, Climate Change, Flood, Flood insurance, Homeowners insurance, HWmember, Real Estate, Wildfire /

Property insurance startup Rhino is looking to help real estate agents and their clients assess insurability and find insurance for properties in areas facing high rates of climate disaster risk.  To achieve this goal, Rhino, an insurance brokerage that specializes in securing insurance policies for climate-risk exposed properties in California, has launched DealShield. The software

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Homebuilder confidence nudges up but remains below par

Homebuilder Confidence, Homebuilder Sentiment, Homebuilders, Marketing & Sales, Residential Real Estate, The Builder's Daily /

Homebuilding business executives maintain a guarded outlook on the homebuilding market, amid tepid demand, shrinking profit margins and weak consumer sentiment. The ongoing conflict with Iran could further complicate the outlook for builders.  The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)’s builder confidence gauge remained subpar in March with a reading

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eXp defendants move to toss Roberts sexual assault lawsuit ahead of April hearing

Brokerage, eXp Realty, eXp World Holdings, Glenn Sanford, HWmember, Legal, Real Estate /

The remaining defendants in the Roberts sexual assault lawsuit have all independently filed motions seeking dismissal of the case. Last week, Michael Bjorkman and David Golden, two former top recruiting agents at eXp Realty, as well as eXp World Holdings and its CEO, Glenn Sanford, all filed motions for summary judgement in the sexual assault

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Wyoming refund exposes legal risk for local housing fee ordinances

Affordable housing, Housing Policy, Policy, Residential Real Estate, The Builder's Daily /

Small wins on impact fees occasionally occur in costly U.S. housing markets. Teton County, Wyoming, officials agreed last week to refund a $24,325 “affordable workforce housing” fee that a homeowner had to pay to obtain a permit to build a single-family home. The payment settles a lawsuit the homeowner filed last year in a Wyoming

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Two Harbors postpones vote on UWM merger after quorum miss

HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Two Harbors Investment Corp., United Wholesale Mortgage /

A special Two Harbors Investment Corp. (TWO) shareholder meeting to vote on its proposed acquisition by United Holding Corp., the parent of United Wholesale Mortgage (UWM), lacked a quorum Monday morning, forcing the company to reschedule the vote for March 24. “The TWO board of directors determined, and continues to believe, that the proposed transaction

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Judge rejects bid to cut CFPB funding

California, CFPB, Compliance, Donald Trump, HWmember, Legal, Mortgage, Real Estate, Regulatory Compliance, Trump administration /

A federal judge has ruled that the Consumer Financial Protection Bureau (CFPB) must continue getting its funding from the Federal Reserve, dealing a setback to Trump administration efforts to effectively shut down the agency. The ruling Friday by U.S. District Judge Edward Davila in San Jose blocks acting CFPB Director Russell Vought from using a

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