AI Technology Transforming the Mortgage Industry
In a recent interview, Packer delves into the transformative power of AI technology in appraisals and customer service, underscoring the importance of maintaining human interaction.
Revolutionizing Mortgage Lending with LEO and Mia
United Wholesale Mortgage (UWM) is leading the charge in mortgage tech innovation with LEO, the Loan Estimate Optimizer, and Mia, an AI voice assistant for brokers. Chief Technology Officer Jason Bressler discusses how these tools enhance speed, accuracy, and client engagement, ushering in a new era of automated lending.
Streamlining Income Verification with Cotality and Freddie Mac
Cotality has integrated its income analysis tool with Freddie Mac’s AIM Check for Payroll API, simplifying the mortgage income verification process. This integration enables lenders to transmit pay stub and W-2 data directly to Freddie Mac’s Loan Product Advisor, aiming to expedite loan approvals for borrowers.
Rechat Driving Growth with AI-Powered Platform
Real estate tech firm Rechat celebrates a decade of success with a 100% revenue increase and a 220% rise in users. The company attributes its growth to its AI-powered platform, including tools like CRM, digital ads, and AI assistant “Lucy,” which have fueled rapid expansion and broker adoption.
TRUE Appoints New CEO and CIO to Drive Innovation
TRUE appoints fintech veteran Stephen Butler as CEO, with founder Ari Gross assuming the roles of chairman and chief innovation officer. These strategic changes aim to propel the company’s AI-powered automation strategy in the mortgage industry, focusing on generative AI integration and rapid innovation to meet evolving lending needs.
PHH Mortgage Expands Partnership with Blend Labs
PHH Mortgage deepens its collaboration with Blend Labs, introducing Rapid Refi and Rapid Home Equity to its technology stack. This expansion enables borrowers to access home equity or refinance more efficiently, aligning with the industry’s shift towards speed, retention, and digital transformation in a competitive lending landscape.
Dono Boosts Growth with New Revenue Head
Title production technology provider Dono appoints industry expert Anthony Nalbone as head of revenue. With over 20 years of experience, Nalbone will spearhead growth initiatives by expanding Dono’s platform to cater to title, mortgage, real estate, and legal clients nationwide.