Anderson previously served as president and CEO of Sourcepoint, where he grew the company from 800 employees to more than 3,500 employees across eight offices and three countries. Before that, Anderson co-led the venture backed ISGN through a company split and transaction to Firstsource. Anderson began his career as an attorney with Skadden, Arps, Slate, Meagher & Flom LLP practicing corporate law and mergers and acquisitions.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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