In his new position, Schmidt will manage the underwriting, appraisal, closing/funding, post-closing and construction lending departments, and he will also be responsible for expanding Gateway’s mortgage call centers in Dallas and Frisco, Texas. Schmidt has been with the bank since coming aboard in October 2010 as regional vice president.Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending
Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...
The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country
Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...
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