“With Sherry leading the charge, Open Mortgage will be better positioned to execute on the substantial opportunities in the area and further strengthen our ties to the community in those states. Sherry’s unmatched abilities in client relations, financial data analysis and underwriting make her ideal in directing our growing influence in the area,” said Scott Gordon, founder and chief executive officer of Open Mortgage. “Sherry’s more than 20 years of experience in the mortgage industry and impressive leadership history will be a crucial component in empowering homeowners in her region.”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...
Enjoy access to a free NMLS renewal class when you attend an in-person event.
