Longmore has more than 30 years of experience in the financial services industry, with a proven track record of increasing profit for companies and building high-performance teams. Most recently, he served as senior vice president of business development with Movement Mortgage. Longmore has trained banks and credit unions on FHA, VA, Fannie Mae, and Freddie Mac guidelines and products, and has extensive experience in relationship management, sales management and credit underwriting across multiple lines of business and credit functions.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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