“We are pleased to have the experience and impressive background David brings to the table,” said Sean Bobbitt, managing director of MyAMC. “One of his top areas of focus will be to help MyAMC reach new heights in client satisfaction. He plans to further elevateMyAMC's overall client experience through leveraging new advances in technology with the highly personalized service. He plans to make doing business with MyAMC easier than ever before. He knows the industry inside and out, and we looking forward to the key role he will play in the further growth and expansion of MyAMC.”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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