Digitization in Non-Bank Home Lending
A report from the Department of the Treasury highlights technological advances made in financial services and offered recommendations for non-bank firms.
loanDepot's Jumbo Performance Strong, Conv Weak
loanDepot LLC does an excellent job of using technology to generate new business. But while its jumbo performance is strong, its conforming performance is considered weak.
HouseCanary Fires Back at Amrock's Fraud Accusations
HouseCanary is firing back at accusations made by Amrock Inc. that it used fraud to obtain a massive judgment -- suggesting Amrock might be behind stalking of HouseCanary employees.
Fraud Alleged by Quicken Affiliate in Huge Lawsuit
A valuation affiliate of Quicken Loans Inc. is accusing HouseCanary of using fraud to obtain a more than $700 million verdict in an ongoing lawsuit.
Mortgage Apps Use AI, Crowd Sourcing Other Tech
Mobile applications for banks and mortgage companies have ascended to new heights thanks to other technologies like crowd sourcing, digital concierge services and artificial intelligence. Lots of recent mobile research has been published.
FHA False Claims Actions Among Industry Concerns
Among the concerns shared by attendees at a recent secondary marketing conference is the legal uncertainty accompanying government-insured originations. A majority want a company-wide production management dashboard.
Mortgage Tech Enables Lenders to Close Without LO
An enhancement to a widely used loan origination platform can enable a home lender to close a loan without a mortgage originator -- though some clients require a human touch.
Several Mortgage Conferences, Events in July
Among mortgage industry events planned for this month are a loan officer expo, a consumer bankruptcy forum and an annual meeting hosted by a mortgage technology provider.
Mortgages Erroneously Reported as Delinquent
Residential loans were mistakenly reported as past due to the credit bureaus as a result of a technology glitch resulting from a test transmission.
Black Knight Acquisition Provides AI for Offerings
Customers of Black Knight Inc. will now benefit from artificial intelligence thanks to an acquisition announced by the mortgage services provider.