Technology

Rithm takes minority stake in servicing platform Valon

Rithm takes minority stake in servicing platform Valon

Rithm Capital is boosting its investment in servicing technology provider Valon, taking a minority equity ownership stake and expanding on their existing business partnership. Processing Content With the move, Rithm expects to reduce costs for its home finance subsidiary, Newrez, and further scale development of Valon’s artificial intelligence-backed operating system “to modernize the $13 trillion […]

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Mortgage defects stabilize as lenders face quality control issues

Mortgage lenders are seeing loan defects stabilize after several volatile years, but shifts in interest rates and loan volumes continue to expose weaknesses in quality control (QC), according to ACES Quality Management CEO Trevor Gauthier and chief operating officer Phil McCall. In an interview with HousingWire, Gauthier and McCall highlighted staffing cuts, refinance surges and

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Propy secures $100 million for AI-powered closing platform

Propy — a tech company using artificial intelligence (AI) and blockchain to automate real estate closings — announced it has secured a $100 million credit facility from Metropolitan Partners Group. Financing will be used to consolidate title and escrow companies into an AI-powered, end-to-end closing platform. According to Propy, transaction costs can approach 10% of

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AI real estate business taps $100 million private credit loan

Propy, a real estate technology company, tapped the private credit market for the first time, securing $100 million to support the startup’s acquisition strategy. Processing Content Metropolitan Partners Group led a credit facility to the company, which uses artificial intelligence to expedite the real estate closing process.   Propy has been pursuing a roll-up of

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Banks remain most breached sector as attacks hit record

Supporting data: The financial services sector saw 739 data compromises in 2025, the highest of any industry for the second consecutive year. Key insight: “Skimming 2.0” marks a resurgence of physical threats, with criminals deploying Bluetooth-enabled overlay skimmers at points of sale. Forward look: Regulators warn that reliance on third parties for critical activities creates

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Vertyx adds AI-powered retention tools to servicing platform

Mortgage servicing technology provider Vertyx on Tuesday announced the release of a new Borrower Relationship Management capability that aims to help servicers and investors identify borrower retention and recapture opportunities earlier in the loan life cycle. The new feature is part of Vertyx’s end-to-end mortgage servicing platform, which is designed to help institutions monitor portfolio

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ACES Quality Management acquires BaseCap Analytics

ACES Quality Management, a provider of enterprise quality management and control software for the financial services industry, announced on Tuesday its acquisition of data quality platform BaseCap Analytics. The acquisition, which involves integrating the BaseCap platform, allows ACES to expand its platform to include enterprise-wide data quality automation, advanced data validation and more intelligent quality

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Ginnie Mae speeds up loan-level MBS overhaul

Long-standing plans at Ginnie Mae to enable loan-level servicing transfers in its mortgage-backed securities could move faster this year under its President Joseph Gormley. Processing Content “Ginnie Mae is increasing the velocity of the initiative to evolve its security platform from pool-level operation to loan-level,” the government guarantor wrote in its annual report, calling this

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TikTok forms US entity, easing social media marketing concerns for mortgage pros

TikTok has finalized a deal to form a new U.S. entity with investors that include Oracle, Silver Lake and Emirati firm MGX, easing the threat of a nationwide ban and allowing the social media app to continue operating for more than 200 million American users. The company said Thursday that the new TikTok U.S. joint

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The AI future of real estate runs straight through the MLS

The real estate industry is entering a decisive window as agentic AI moves from novelty to infrastructure. WAV Group’s new strategic white paper lays out how autonomous systems capable of planning, reasoning and executing multi-step workflows will reshape how brokers, agents, MLSs and vendors operate. Unlike generative tools that answer prompts, agentic AI proactively manages

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