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Industry News

Dark Matter, Calyx Path upgrade originations tools with AI

Industry News, Mortgage technology, Originations, Underwriting /

Two lending software providers are adding AI enhancements for originators as mortgage companies carve their path in the rapidly changing artificial intelligence landscape.  Processing Content Dark Matter Technologies, owner of the Empower loan origination system, unveiled a new embedded AI assistant named Ask Aiva this week that can deliver answers to loan officers’ questions instantly […]

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2.6M homeowners pay $500-plus in monthly HOA fees

Home Prices, Housing markets, Industry News /

Millions of Americans are paying thousands of dollars in homeowners association and condo fees, an often overlooked cost when buyers budget for a mortgage, new industry data found. Processing Content Almost 18 million homeowners in the 100 largest United States metros paid HOA or condo fees in 2024, including 2.6 million who paid $500 or

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Opendoor adds Doma title tech assets in new acquisition

Industry News, LOAN PRODUCTS, M&A, Mortgage technology, Originations, Title insurance /

Opendoor Technologies is acquiring assets belonging to title fintech Doma in a deal that arrives just weeks after the real estate company re-entered mortgage lending.  Processing Content The agreement adds Doma’s title automation search capabilities to Opendoor’s closing and escrow platform. Opendoor, known for its home-flipping model that quickly delivers cash to sellers, pointed to

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Lenders settle suit spurred by family of originators

Industry News, Law and legal issues, Originations /

Almost a year after Premier Mortgage Resources filed a complaint against Canopy Mortgage over an alleged poaching scheme, the lenders reached a settlement. Processing Content The companies anticipate they will submit a joint stipulation of dismissal with prejudice within 45 days, according to a document filed Friday in a Washington federal court. “We’re pleased to

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LoanDepot partners with Texas builder for new lender launch

LoanDepot partners with Texas builder for new lender launch

Homebuilders, Industry News, Originations, REALTORS & HOMEBUILDERS /

LoanDepot is behind a new mortgage business from West Texas-based Betenbough Cos., helping launch the affiliate as part of an expanded strategy to expand upon homebuilder partnerships. Processing Content Olive Branch Home Loans will serve customers of Betenbough, a top 50 builder based in Lubbock. Betenbough sells its homes through eight sales centers located throughout

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Foyer, Nayya bring homeownership to employee benefits

Foyer, Nayya bring homeownership to employee benefits

401(k), Employee benefits, First time home buyers, Industry News /

Foyer and Nayya are partnering to offer first-time homeownership benefits to employees across the country. Processing Content Employers who use Nayya’s agentic AI platform can provide Foyer, a dedicated 401(k) for homeownership, as a benefit that helps its employees buy a home by saving for a down payment, building credit and navigating the entire purchase

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Summit lays off dozens in wake of CrossCountry deal

Industry News, Layoffs, M&A, Originations /

Shortly after announcing a merger agreement with retail lender CrossCountry Mortgage, Summit Funding said it will permanently eliminate 163 positions across the company.  Processing Content The Sacramento, California-based home lender informed state officials in a mandatory Worker Adjustment and Retraining Notification filing dated March 19, just one day after the merger was officially announced. The

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New AI mortgage tools unveiled at ICE Experience 2026

Compliance, Industry News, Mortgage technology, Underwriting /

New technology products and enhancements typically go hand-in-hand with mortgage conferences, and this month’s ICE Experience 2026 in Las Vegas proved to be no exception. Processing Content Artificial intelligence took the spotlight, and on ushering in its own AI-backed voice and chat servicing agents, event host Intercontinental Exchange said they were among several future rollouts

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MISMO, ALTA issue new title, settlement document guidelines

MISMO, ALTA issue new title, settlement document guidelines

Industry News, Mortgage technology, Mortgages, Originations, Title insurance /

Two influential groups in the home finance space have teamed up to provide information standards that will streamline title and mortgage closing processes.   Processing Content The Mortgage Industry Standards Maintenance Organization and American Land Title Association announced the publication of two new datasets, both of which should form a digital convention for documentation to benefit

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Senator calls for FTC investigation into FICO score pricing

Senator calls for FTC investigation into FICO score pricing

Credit scores, Industry News, Mortgages, Originations, Politics and policy /

Senator Josh Hawley, a Republican from Missouri, during a hearing on Wednesday, April 17, 2024. Photographer: Graeme Sloan/BloombergGraeme Sloan/Bloomberg A Republican senator launched a new investigation into the leading provider of mortgage borrower credit scores, reiterating prior criticism of a “monopoly” he says proves detrimental to aspiring home buyers.  Processing Content Alongside his own investigation

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