“After wrapping up a record-breaking 2019 and already into a successful 2020, we’re excited to add this new group of account executives to our team,” said Tom Hutchens, EVP of production for Angel Oak Mortgage Solutions. “They are already educating originators on the benefits of non-QM and the importance of getting into that space right now. They will continue to help us grow by demonstrating the value of working with the industry leader. “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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