Tidalwave, an agentic AI mortgage technology startup integrated with Fannie Mae and Freddie Mac, recently announced the hiring of Jason Cao as chief operating officer. Cao, an early investor in Tidalwave two years ago, was most recently COO at CertiK, where he helped build it into a unicorn as the world’s largest blockchain security company. […]
Jason Cao joins Tidalwave as COO Read More »
Supporting data: Cloudflare dominates the “internet plumbing” sector with an estimated 82% market share for reverse proxy services, meaning a single glitch can ripple through global commerce. What’s at stake: The disruption reignites concerns detailed by the Treasury Department regarding the financial sector’s dangerous over-reliance on a small concentration of cloud service providers. Forward look:
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Key insight: JPMorganChase is launching its largest-ever anti-scam initiative, adding “trusted contacts” and dedicated intervention teams to fight record-high fraud. What’s at stake: Consumer advocates say the plan lacks a critical component: better reimbursement for scammed consumers, who rarely recover money from “authorized” payments. Supporting data: Americans lost an estimated $158.3 billion to fraud in
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Freddie Mac is rolling out a new quality control platform designed to streamline the review process of single-family loans, which it plans to make available to all lenders by the end of 2025, the government-sponsored enterprise announced Monday. Known as Quality Control Advisor Plus, the platform consolidates previously separate QC systems and uses technology to
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For many Realtors, the legal maelstrom that engulfed the industry over the past two years, served as a wake up call of sorts, forcing them to look for ways to mitigate and manage risks. Given this environment, it is no surprise that risk management was a popular topic at the National Association of Realtors (NAR)
What you need to know about listing fraud and real estate risks Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Redfin puts forth AI chat tool for home searches Redfin has launched a new AI-powered “conversational home search” on its website, allowing users to find homes through natural
Tech Pulse: Redfin, Real Brokerage show off AI home search Read More »
Bayview Asset Management and three affiliates have agreed to a settlement with plaintiffs over a data breach lawsuit for a hack that affected 5.8 million people in 2021. The sides agreed to basic terms of a class action settlement, subject to court approval and the final dismissing of the case, according to a court document
Servicers OK data breach settlement after long legal battle Read More »
MoxiWorks has introduced RISE, an artificial intelligence (AI)-powered real estate marketing platform designed to guide agents through daily tasks rather than relying on manual prompts or traditional CRM workflows. The company said RISE continuously interprets client activity, predicts buyer and seller intent and alerts agents to the contacts and opportunities requiring attention. Leaders said the
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bevri.ai, a technology firm focused on applying artificial intelligence to the mortgage industry’s third-party origination (TPO) channel, announced on Monday that it has appointed Jonathon Haddad as CEO. The agentic AI company said in a press release that Haddad’s appointment marks a new phase in its efforts to expand end-to-end automation for brokers and non-delegated
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Opendoor’s recently appointed CEO Kaz Nejatian used the firm’s third-quarter earnings call with investors and analysts to introduce himself and reintroduce the company he has been tasked with turning around. “I’m a computer nerd turned lawyer, turned founder, but I think of myself primarily as a product manager,” Nejatian said during Thursday evenings call. “That’s
Opendoor hits reset: The iBuyer goes full founder mode with new CEO Read More »