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Mortgage technology

MISMO releases loan data guide and AI glossary

Artificial Intelligence, Industry News, Mortgage technology, Servicing /

The mortgage industry’s top trade group issued two new enhancements to help establish consistency across the loan boarding process as well as in communications surrounding artificial intelligence.  The Mortgage Industry Standards Maintenance Organization released its new loan boarding dataset, which provides a consistent data baseline to ease the path for newly originated mortgage loans to […]

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More home equity, more lending options for lenders

HELOANs, HELOCs, LOAN PRODUCTS, Mortgage technology, Originations, Underwriting /

The amount of tappable home equity Americans hold continues to increase, growing annually by 5% for the second quarter, a Transunion study found. Several operators in the market, whether lenders themselves or tech providers, have launched products and platforms over the last few days to serve these equity-rich homeowners. As of June 30, the total

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Jerry Halbrook is president and COO of Covered Insurance

Former Black Knight exec Halbrook joins Covered Insurance

Career moves, Homeowners insurance, MARKETING TO BORROWERS, Mortgage technology, Originations, Servicing /

Long-time mortgage industry executive Jerry Halbrook has been named president and chief operating officer of insuretech Covered Insurance. Halbrook’s hiring is the latest sign of the convergence between the lending process and insurance, the company said. Jerry Halbrook is president and COO of Covered Insurance Property insurance costs have increased in recent years, and in

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EXCLUSIVE RESEARCH: Fraud tech gaps emerge between banks and nonbanks

Editorial Research, Fraud, Mortgage technology, Originations, Regulation and compliance /

In our Tech Disruption survey, National Mortgage News asked participants “What technology is in use in your organization?” When it came to “advanced fraud protection tools,” significant shares of banks, credit unions and nonbank mortgage lenders all said they do employ them. However, a 13 percentage point gap exists between banks (86%) and nonbanks (73%);

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Man behind Opendoor meme rally sparks 176% surge in Better

Capital markets, Mortgage technology /

Shares of Better Home & Finance Holding Co. soared after Eric Jackson said his hedge fund had bet on the stock, echoing the retail-driven rally he kicked off in Opendoor Technologies Inc. in July. Shares of the online mortgage company known as Better rose as much as 176% on Monday, triggering multiple halts for volatility,

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EXCLUSIVE RESEARCH: How LOS preferences differ across lender types

Editorial Research, Mortgage technology, Originations, Technology /

Encompass dominates the loan origination software market but allegiances vary among competing institutions of various sizes.  The LOS is a lender’s key piece of technology, often exceeding core origination tasks by housing product and pricing engines and other closing technology, according to a new report by National Mortgage News parent company Arizent.  “Everybody has their

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DIGMO judges 2025.jpg

Innovation Challenge 2025 spotlights AI, retention tools

Artificial Intelligence, Digital Mortgage Conference, MARKETING TO BORROWERS, Mortgage technology, Technology /

Left to right: Julian Hebron, Jonathan Kunkle, John Wines, Will Adams Artificial intelligence and borrower retention took center stage as 20 tech firms competed for top honors in the Innovation Challenge at Digital Mortgage 2025. New homeownership portals, voice agents and lead generation tools all may find their way onto mortgage technology stacks if they

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EXCLUSIVE RESEARCH: The mortgage lender’s conundrum behind tech decisions

Editorial Research, Mortgage technology, Originations, Technology /

In today’s digital age, lenders are keenly aware of the value in maintaining essential mortgage technology systems, but expenses that hold back some from moving forward on upgrades and improvements can cause future financial pain. Having strong, reliable and new tools is top of mind at many lenders, but the decision-making behind applying changes isn’t

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Pacaso

Pacaso gets funding for non-QM co-borrower securitizations

Capital markets, LOAN PRODUCTS, Mortgage technology, Secondary markets, Servicing /

Financial technology firm Pacaso has closed on a revolving credit facility it will use to enable sales of 30-year second-home mortgages with co-borrowers into the securitized market. The $100 million facility from Texas Capital Bank will fund Pacaso’s purchases of the mortgages, which have an initial five-year interest-only period. It also will accommodate inclusion of

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What you missed from day two at Digital Mortgage

Artificial Intelligence, Industry News, Mortgage technology, Originations /

The industry’s top technology minds at the National Mortgage News Digital Mortgage Conference in San Diego Wednesday urged mortgage firms to integrate artificial intelligence into their organizations peacefully, or else.  Whereas top lenders on day one urged firms to maintain a human touch, tech lenders on day two advised competitors to get their entire staff

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