Clear Capital’s ClearAVM uses public records, proprietary Clear Capital data and nationwide multiple listing service (MLS) analytics to generate its estimates. The database that fuels ClearAVM's modeling engine is updated hourly, which means ClearAVM users receive valuations that take advantage of the freshest information available. Integrating ClearAVM access into the LenderClose platform expands the number of tasks loan officers can complete inside a single sign-on interface.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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