UAD 3.6, a sweeping overhaul of how residential appraisals are reported to Fannie Mae and Freddie Mac, becomes available to all lenders on Jan. 26. The rollout comes even as many lenders are still sorting out what the change will mean for their appraisal workflows, systems and timelines. Processing Content The new standard replaces UAD […]
UAD 3.6 is live, but many lenders aren’t ready Read More »
Kurt Pfotenhauer, a longtime leader in the mortgage and title industry, has died, First American Financial said in a statement. He was executive vice president and vice chairman of the company. Processing Content “Kurt will be remembered not only for his professional achievements, but also for the kindness and integrity he showed to everyone he
Kurt Pfotenhauer, mortgage and title industry leader, dies Read More »
Real estate data provider Attom is acquiring the assets of a former residential investment firm, a move that aims to expand its technology and artificial intelligence holdings and support scalability for both platforms. Processing Content The merger with Resishares complements Attom’s own access to housing data across the country and expands it to accelerate development
Attom acquires investment technology platform Resishares Read More »
A title industry startup aiming to cut closing time and costs for homebuyers via blockchain technology finds itself on the receiving end of a new venture capital raise to support its expansion. Processing Content Titl, a Miami-based fintech, announced a seed funding round of $2.5 million, which was led by Cofounders Capital and FIT Ventures.
Titl raises $2.5M to modernize title with AI, blockchain Read More »
One of the country’s leading mortgage lenders is moving into crypto, allowing borrowers to submit digital holdings as assets to be considered when applying for certain home loans. Processing Content National lender and servicer Newrez announced it will begin to recognize and accept cryptocurrencies in February across its Smart Series suite of nonagency products without
Newrez announces plan for crypto in originations Read More »
Optimal Blue and dozens of lenders are poking holes in an antitrust case from borrowers, suggesting a core flaw in their claims in that the vendor doesn’t operate a pricing algorithm. Processing Content Defendants including 26 of the industry’s most prominent originators hinted at their arguments Monday in their first formal response to the lawsuit
Optimal Blue, lenders contest software price fixing claims Read More »
Guild Mortgage will be using Loanlogics’ LoanBeam NQM to assist in underwriting its non-qualified mortgage production by automating the income analysis process. Processing Content “Non-QM mortgages create greater potential for lender error due to the unconventional financial profiles of borrowers who don’t typically meet standard income, employment or credit criteria,” said Dave Parker, Loanlogics’ CEO,
Guild uses LoanBeam to speed non-QM income underwriting Read More »
Loan-origination software provider Meridianlink reached a deal for an integration with Optimal Blue that aims to streamline processes and offer competitive pricing in secondary market sales for lenders. Processing Content With the integration, mortgage customers using Meridianlink’s LOS will gain access to Optimal Blue’s product, pricing and eligibility solutions in real time directly through the
Optimal Blue, Meridianlink to integrate pricing, LOS tools Read More »
Left to right: Homevision CEO Jeff Foster, Newrez President Baron Silverstein National mortgage lender and servicer Newrez announced it is making a strategic investment into artificial intelligence platform Homevision to create technology capable of addressing all aspects of underwriting. Processing Content Through the partnership, the two companies aim to expand Homevision’s scope of work beyond
Newrez invests in AI underwriting platform Homevision Read More »
Chris Marshall, the former Mr. Cooper executive who was serving as Sagent’s chairman, has added the CEO title at the mortgage servicing technology company. Processing Content Geno Paluso, who had taken the CEO job after Marshall first became chairman, will become vice chairman and serve as a senior advisor during a transition period, a press
Chris Marshall adds CEO title to chairman role at Sagent Read More »