“MISMO continues to deliver for the industry by digitizing processes and finding better ways to serve consumers. iLAD will allow for seamless exchanges of loan application data and will provide a better experience for all industry participants,” said Mike Fratantoni, president of MISMO and chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA).New data shows sellers who miss the market on pricing are paying a growing penalty, while buyers gain leverage in many regions
A new report from Realtor.com found that the average home is now selling below its asking price, marking a significant shift from the pandemic-era housing market when bidding wars routinely pushed sale prices above list price.The report suggests today's market rewards seller...
Veterans United survey highlights growing consumer trust in AI-powered mortgage guidance, lender shopping, and document management
A growing share of homebuyers appear ready to hand more of the mortgage process over to artificial intelligence.More than half of prospective homebuyers (53%) say they would be comfortable purchasing a home without any direct human involvement, according to a new survey from...
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