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Mortgage technology

What Ginnie Mae’s newest executive is planning for mortgages

Ginnie Mae, Mortgage technology, Politics and policy, Secondary markets /

Ginnie Mae’s operations chief told the industry Monday he is pursuing data improvements and revisiting several industry suggestions for innovations that could improve operations. When asked about concepts the Mortgage Bankers Association has recommended exploring such as creating a securitization vehicle for early buyout loans, Chief Operating Officer Joseph Gormley said Ginnie is “taking a […]

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Pulte wants Freddie AU savings passed on to consumers

Automation, Mortgage technology, Originations, Secondary markets /

Freddie Mac wants lenders to pass on the cost savings to consumers from its latest enhancements to its Loan Product Advisor automated underwriting system. The company greenlighted what was described as an on-hold innovation to the system. The upgrades include the launch of a new feature, Freddie Mac Income Calculator. It is designed to help

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UWM rolls out two AI-powered tools to give brokers edge

Artificial Intelligence, Industry News, Mortgage technology, UWM /

United Wholesale Mortgage announced the rollout of two artificial intelligence-powered tools designed to give mortgage brokers an added edge in competing for and retaining borrower business. One of the tools is an AI-powered voice bot named Mia, which acts as a personal assistant for brokers. The other tool, called LEO, helps brokers present more competitive

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Servicers: Fannie Mae replatforming some workout functions

Distressed, Mortgage technology, Secondary markets, Servicing /

Fannie Mae has announced plans to discontinue use of a platform used to handle certain distressed mortgage processes and is directing mortgage professionals using it to take certain steps in response. Servicers must leave the HomeSaver Solutions Network, which is utilized for loan workout reporting functions, and transition to a broader platform Fannie provides to

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Dark Matter confirms layoffs as it right-sizes

M&A, Mortgage technology, Originations /

Dark Matter executives confirmed the company has undergone a reduction in force, as the company sets its next phase in motion. As a standalone company, Dark Matter has only existed for about 20 months. On Sept. 15, 2023, what had been the Black Knight origination technology business, primarily its Empower loan origination system, was sold

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