"The future of our industry belongs to a new breed of real estate professional," said Troy Huerta, president of SRE Mortgage Alliance. "We needed a very special executive to lead our marketing efforts because what we're doing hasn't been done before. John understands the mortgage business, he understands what it takes to really serve consumers during the home buying and financing process, but most importantly he knows how to lead. I'm thrilled that he has chosen to join us."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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