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Mortgage technology

Opendoor shares jump as traders flock to newest meme stock

Housing markets, Mortgage technology /

Opendoor Technologies jumped 120% on Monday, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms.  The stock’s triple-digit surge sent shares of the Tempe, Arizona-based company soaring to $4.97, well-above the $1 level it was bouncing around […]

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Blend, after Title365 sale, expands partnership with Doma

MARKETING TO BORROWERS, Mortgage technology, Originations, Underwriting /

A little more than a month after it agreed to sell all of Title365 to Covius Services, Blend Labs is entering into “an expanded partnership” with Doma to use its artificial intelligence-powered instant decisioning technology. “This partnership with Doma reinforces our core focus: delivering innovative, software-driven solutions that create real value for our customers,” said

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MISMO AI glossary tackles deepfakes, bias, and fraud risks

Artificial Intelligence, Mortgage technology, Technology /

To help mortgage professionals keep up with a flood of new AI jargon, the Mortgage Industry Standards Maintenance Organization has released a draft glossary of 42 terms — from “algorithm” to “hallucination.” The list is an effort to standardize the meaning of words and phrases that are increasingly part of everyday speech for professionals across

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MISMO adds 40 definitions of fee charges to reference guide

LOAN PRODUCTS, Mortgage technology, Originations, Secondary markets, Underwriting /

The Mortgage Industry Standards Maintenance Organization has added over 40 standardized fee names to a dictionary it created and is seeking public comment on the revisions. The 30-day public comment period on those updates runs through Aug. 7. “MISMO developed this guide to promote the uniform usage of fee names and descriptions for the purpose

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How Onity Group is making use of AI

Artificial Intelligence, CAREER & COMPENSATION, Mortgage technology, Servicing, Technology /

Before most of the public understood terms like “artificial intelligence” and “data science” Onity Group’s Jack Cavanagh was exploring how the fundamentals behind their development might apply to mortgage origination and servicing. The growth from machine learning to the large language models and generative AI we know today can be seen as a continuum, and

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Dark Matter offers Empower integration with appraisal portal

Appraisals, Data integration, Mortgage technology, Originations, Servicing, Underwriting /

Dark Matter Technologies, which operates the Empower loan origination system, has created an integration with the Uniform Collateral Data Portal maintained by the government-sponsored enterprises. This makes the company “an early adopter” in supporting the Uniform Appraisal Dataset 3.6 and the Forms Redesign initiative, a press release said. On June 10, the Mortgage Industry Standards

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Fannie Mae, Freddie Mac revamp JV as fintech venture

Capital markets, Mortgage technology, Politics and policy, Secondary markets /

Fannie Mae and Freddie Mac unveiled a new strategy for their legacy joint venture, aligning with priorities set by President Trump and their federal overseer. Their Common Securitization Solutions JV will be renamed U.S. Financial Technology to reflect a new role in which it will sell access to the mortgage-backed securities platform used to manage

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ICE Mortgage Technology launches its own APOR index

CFPB News & Analysis, Mortgage technology, Secondary markets /

ICE Mortgage Technology has launched its own publicly available weekly average prime offer rate [APOR] index, the company announced Tuesday. The APOR index is the underlying interest rate source used to determine what qualifies as a higher-priced mortgage loan under federal regulations. For more than a decade, the Consumer Financial Protection Bureau has published the

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Teraverde, Stratmor clarify no merger took place

Data & Analytics, M&A, Mortgage technology /

Teraverde and Stratmor want to make it clear that the proposed merger announced over a year ago between the two was never completed. The misconception, both Teraverde’s Jim Deitch and Stratmor’s Garth Graham said, came about from an artificial intelligence generated answer to a search engine question. The deal was announced last May at the

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