“I’m truly excited to have someone of Julie’s caliber working with our team. She has a wealth of knowledge and tremendous credibility within our industry,” said Greg Holmes, managing partner at Credit Plus. “Her vision and values align well with ours which made her the perfect choice for this role as we seek to broaden our product set and deepen our exposure across the industry. We look forward to capitalizing on her expertise both internally and externally.”Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place
Fannie Mae’s artificial intelligence and machine-learning governance requirements take effect Thursday, Aug. 6, giving approved seller/servicers a final deadline to formalize how the technology is used across mortgage origination and servicing.The requirements apply when a s...
Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers
Higher mortgage rates are thinning the purchase pipeline, even as lower asking prices and reduced competition give borrowers still in the market more leverage.Seasonally adjusted U.S. pending home sales totaled 322,739 during the four weeks ending July 26, their lowest level...
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