First American had been a minority owner of the company for five years. Founded in 1972, Title Security Agency serves both the residential and commercial markets and has 17 offices in Arizona. It will now become part of the direct operations of First American Title Insurance Company and its executive team–President Vivian Boggie, Chief Operating Officer Bruce Jacobs and Senior Vice President Mary Ann Christensen–will remain with the company.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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