According to the Ann Arbor, Mich.-based company, Wilcox will work “across the organization to drive innovation and accelerate the company's already considerable growth.” Wilcox was previously senior vice president of the mortgage software company Capsilon, and earlier in her career served as chief marketing officer and chief industry officer at the consumer-direct mortgage company Sindeo.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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