Cloudvirga’s software, the Cloudvirga Digital Mortgage Platform, increases transparency, reduces the time it takes to process and close a loan with a streamlined mortgage experience, and radically cuts overall loan manufacturing costs. Supreme Lending originators can leverage the Cloudvirga Digital Mortgage Platform to improve the digital mortgage application lifecycle by automating lending workflow–from initial application to data collection and validation to automating workflow and more.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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