Since 2012, Secure Insight has built a database of risk-assessed, risk-rated and monitored data accessible by lenders as a pre-closing risk management and compliance tool. The company was the first to market with a fraud deterrence solution which recognized the significant harm that closing professionals could cause lenders and consumers due to wire fraud, mortgage fraud and closing errors.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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