Abrahamson, long-time COO of EPM, started his career in the mortgage industry in 1985 after graduating from Georgia State University. He spent much of his time focusing on first-time homebuyers, and underserved markets, he held positions on both the operations and sales side of the business. In his new role as CPO, he will act as a sales advocate for the organization handling all recruiting, training and sales.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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