The Origence lending platform combines powerful point-of-sale and loan origination system tools that accelerate a lender’s loan production to reduce process cycle time, while reducing costs. The Origence platform may reduce loan cycle time by upwards of 10 days, increase lender productivity and decrease costs per loan. Through the integration with Docutech, the streamlined workflow for generating, distributing and signing loan documents and disclosures will help lenders continue to reduce costs per loan while expediting the mortgage process.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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