Grier is best known for his 24-year career at Prudential Financial Inc., which he joined in 1995 as chief financial officer. He held several leadership positions over the years, becoming vice chairman in 2007 and serving until his retirement last year. He previously served at Chase Manhattan Corp. and its predecessor from 1978 to 1995, holding positions including executive vice president for global risk management and executive vice president / co-head of global markets.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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