According to the Irvine, Calif.-based CoreLogic, Blend customers will now be able to automatically access credit report data during pre-qualification and mortgage origination, helping to expedite the decision-making process. The direct integration with Blend’s pre-qualification technology will enable the automatic running of credit requests through Desktop Underwriter to speed up the credit pre-qualification process, the company added. 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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