“As we continue to grow and expand in the Charlottesville market, it made sense to open a new satellite location in Crozet, so we can most effectively serve customers across these markets,” said Waterstone Mortgage SVP–National Sales Chris Fleming. “Andy’s extensive knowledge of the area, as well as his outstanding leadership skills and mortgage lending expertise, made him the perfect choice to head up the Crozet office.”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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