In his new job, Olsen will provide software support for OpenClose sales executives catering to mortgage bankers, credit unions, community banks and other real estate entities. Olsen was previously at Ellie Mae as a senior technical sales engineer managing enterprise LOS pre- and post-sales engagements for their core as well as add-on services. Prior to joining Ellie Mae, Chris was a project manager and associate vice president at JP Morgan Chase.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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