Spaulding will concentrate on the Wisconsin, Iowa, Illinois, Minnesota and Indiana markets for the Strongsville, Ohio-headquartered lender. He joins Union Home Mortgage after holding executive positions with The Money Store, Caliber Home Loans, Nationwide Mortgage, Gateway Funding and GMAC Mortgage. From 1988 to 1996, he was president of Creditel, the largest mortgage credit reporting agency in the Midwest and among the top 10 largest in the U.S.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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