Technology

Opendoor hits reset: The iBuyer goes full founder mode with new CEO

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 […]

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Opendoor, Roam team up to expand assumable mortgage access

Opendoor is teaming up with Roam, a platform that enables homebuyers to purchase homes with assumable low-rate mortgages, according to an announcement on Friday.  Through this partnership, Roam’s assumable mortgage tools and transaction support will be available to homebuyers shopping for homes on Opendoor’s platform.  “Opendoor completely reimagined the way that consumers buy and sell

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Pulte suggests new Fannie Mae, Freddie Mac business deals

Bill Pulte said the government-sponsored enterprises will see partnerships emerge as he eyes their money-making potential, while also upping criticism of homebuilders and the Fed chair at a housing conference Friday.   In a call with attendees at the Residay 2025 conference in New York, the Federal Housing Finance Agency director pointed at the recent Trump

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Blend Labs reports shrinking mortgage revenue even as its partnerships gain steam

Blend Labs Inc. shared its third-quarter earnings on Thursday afternoon, posting revenue of $32.9 million from July to September, down 1% on an annual basis. The company reported a GAAP gross profit margin of 74% in the third quarter, unchanged from the same period in 2024. Non-GAAP gross profit margin rose to 78%, up from

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Waller hedges on nonbank access to ‘skinny’ master account

Waller hedges on nonbank access to ‘skinny’ master account

Bess Adler/Bloomberg Key insight: Federal Reserve Gov. Christopher Waller’s comments suggest the barriers to nonbank firms acquiring a “skinny” Fed master account — a concept Waller himself introduced late last month — may be higher than were previously assumed. Expert Quote: “There’s a misunderstanding out there that somehow just a fintech can show up and

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Built rolls out agentic AI to speed construction loan draws

Agentic AI is moving from hype to real use cases in financial services, and Built is staking its claim in the space. The construction finance tech firm on Tuesday launched Draw Agent, an AI tool designed to speed and simplify construction loan draw reviews, one of the most time-intensive workflows in the lending process.  

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From automation to action: The next wave of AI in title & escrow

Artificial intelligence is no longer theoretical for title and escrow professionals. It’s already reshaping how they work. Progress is accelerating fast, with the industry starting to advance beyond basic automation to the next frontier: agentic AI systems. New data from Qualia, an AI-powered cloud-based platform for real estate closings, bears all this out. For the

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Rethinking climate readiness: How ICE’s climate data helps close risk gaps and reduce lender blind spots

​Extreme weather events are now more than just an occasional disruption; they are redefining the landscape of housing finance. And, the frequency and intensity in which these events occur, combined with rising insurance and utility costs, fluctuating property values, and shifting housing rates, provide challenges for lenders looking to effectively streamline operations, mitigate risk, and

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November Demo Day: Dara Invoice by Sagent

[embedded content] Dara Invoice Dara Invoice streamlines invoice management between servicers and their default servicing partners. It automates the invoice-review process by applying investor guidelines and servicer-specific business rules, helping organizations improve efficiency, minimize errors, and accelerate payments. Product Fast Facts #1 Over 30 invoice types available; covers end to end default processing #2 Investor

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November Demo Day: Intelligent Quality Control by Blend

Intelligent Quality Control Blend’s AI-powered Intelligent Quality Control product enhances loan quality control, helping QC analysts detect issues more efficiently. It applies digitized underwriting guidelines to loan data and documents and provides step-by-step validation and reasoning, enabling the QC analyst to focus on areas of high judgment. This ensures a comprehensive, accurate, and efficient pre-funding

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