The Lender Price Marketplace pricing engine has grown rapidly since May 2019. Lender Price distributes the Marketplace pricing engine through a partnership with NAMB and its 6,000-plus mortgage broker members. Together, Lender Price and NAMB offer the Marketplace to all of its members at no cost.
Dawar Alimi, chief executive officer and founder of Lender Price, said: “We’re extremely pleased to partner with Home Point Financial. In just the past six months, we’ve grown our user base by 400 percent and have added numerous lenders to the Marketplace. This demonstrates the demand that mortgage brokers have for a convenient way to find loan products and lenders such as Home Point Financial that want to reach out to broader customer base.”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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