Ferreira was most recently with Movement Mortgage, where he was regional sales director for Northern California for the last three years. He was a branch manager at Wells Fargo for four years before accepting the previous position with Guild in 2013. He has also held producing branch manager positions at Paramount Equity, Countrywide and Washington Mutual during his 25-year career in mortgage banking.New federal banking guidance examines the risks of autonomous AI, from borrower communications to servicing transactions, with a focus on human oversight and accountability
Artificial intelligence can draft a borrower email, flag a servicing issue, or recommend a change to a loan file. But what happens when the technology is authorized to act on those recommendations without someone approving each step?A new supervisory framework released Nov. ...
Better is targeting a bigger share of wholesale lending, with plans to expand into Non-QM and conventional mortgages
Better Home & Finance reported a 15% increase in third-quarter loan volume, fueled by growth in its technology platform business, but the lender continues to operate at a loss despite an aggressive cost-cutting campaign.The company's next move could be more consequential...
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