Automation adoption is up, but cost per loan isn’t coming down. Here’s why hidden work, rechecking, and black-box AI are holding lenders back, and what actually changes the math
Tagged: Data
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loanDepot accuses the Mega Brokerage of poaching and trade secret theft amid growing industry competition for top producers
Analysis finds error rates in mortgage files rose to 13.3% at peak, costing borrowers $7.8 billion over a decade
14.3% of homes under contract failed to close, Redfin data shows
The final rule concerns lenders that offer digital payment apps and handle more than 50 million transactions per year.
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As regulatory roll-backs loom over financial sectors, the CFPB says consumers' financial data rights are states' to forfeit
New platform featuring aggregate data updated quarterly