Among the many tedious steps in the mortgage manufacturing process, verification of income and employment (VOIE) might top the list of challenges for lenders. Ethan Winchell’s company, Truework, aims to remove these headaches. The San Francisco-based firm was founded in 2017 and has sprouted into a major mortgage technology partner. When Truework was acquired in […]
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Bob Hartheimer, Evolve Bank and Trust’s new CEO, has been arrested on charges of sexual exploitation of a minor and distribution of obscene material, according to Shelby County records. He was escorted out of the bank’s East Memphis, Tennessee, headquarters by FBI agents on Thursday morning and is scheduled to appear in federal court on
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Navigating change and technological transformation took center stage this week at the Mortgage Bankers Association‘s annual convention in Las Vegas, where industry leaders discussed consolidation, artificial intelligence and how to keep pace with shifts across the mortgage landscape. Bill Emerson, president of Rocket Companies and moderator of the session, opened the discussion by noting that
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Renovation technology firm Revive has introduced new tools and features for its artificial intelligence (AI) platform, Revive AI. Leaders said enhancements are designed to give real estate professionals greater visibility into client activity, as well as more control over branding and outreach. The platform — formerly known as Revive Vision AI — will see updates
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Title and escrow company Propy says it is ready to revolutionize the title insurance industry. Central to this plan is a $100 million expansion, which includes the planned acquisitions of title firms nationwide, according to an announcement on Thursday. Propy says, once acquired, it will upgrade the firms “to faster, safer and fully digital closings,
Propy leans on acquisitions, AI to ‘modernize’ title Read More »
A new tech showcase is in the works that aims to provide guidance and clarity to the mortgage industry as it tries to uniformly address shared residential lending compliance issues. A cooperative effort between the Conference of State Bank Supervisors and the Mortgage Industry Standards Maintenance Organization, the tech sprint will kick off with a
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eXp Realty has announced the launch of two major artificial intelligence (AI) initiatives; Mira, a new AI-powered business assistant — and the eXp University AI Accelerator Series, an eight-week program aimed at helping agents learn to integrate AI and automation. Unveiled Tuesday at eXpCon Miami, Mira allows agents to instantly access real-time business data, navigate
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Compass is adding another feature to its suite of agent technology tools. On Tuesday, the Robert Reffkin-helmed firm announced the launch of Buyer Demand. Buyer Demand enables Compass agents and their home seller clients to see the number of serious buyers in Compass’s network who are searching for homes that match theirs. Compass says this
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The National Association of Realtors (NAR) has weighed in on the ongoing debate over whether or not Zillow’s app integration with OpenAI’s ChatGPT violates MLS IDX policies. In a statement issued on Tuesday, NAR said that when it comes to enforcement, “each MLS is individually responsible for conducting its own assessment of technologies that use
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Key insight: A failure in an AWS internal subsystem in its northern Virginia region caused widespread errors and latencies across the internet on Monday. What’s at stake: The outage disrupted services at banks and fintechs like Navy Federal, Truist and Chime, reminding the sector of its concentration risk. Expert quote: “When AWS sneezes, half the
Navy Federal, Truist, Chime among victims of AWS outage Read More »