David Krechevsky

CEO says company has learned how to weather market storms as Q3 earnings beat analysts' expectations

BWIC dataset allows mortgage originators and dealers to automate the bidding process for mortgage-backed-securities.

Results still beat analysts' expectations.

The layoff affected about 5% of Zillow’s staff, including some vacation positions.

Sales estimates for previous three months also revised downward, reflecting the rise in mortgage rates.

Loan originator and servicer saw earnings fall 25% from 2Q, but mortgage servicing portfolio grew.

The weekly applications survey remained at its lowest level in 25 years as rates topped 7%.

Integration of systems automates workflow and document analysis to enhance loan submission.

Transaction includes approximately 61 loans totaling $13 million in unpaid principal balance.

GSE says defunct mortgage lender trying to sell servicer/seller license that doesn't exist.