News Topic: Mortgage technology
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Black entrepreneurs take aim at racial wealth gap by starting mortgage fintech
Freddie Mac automating rent-based underwriting for single-family loans
Fannie Mae, Freddie Mac to add desktop appraisals to systems in March
Fannie Mae to include rent payments in underwriting
Blend values IPO at $414M, completes Title365 purchase
Top mortgage lenders of 2020, according to early HMDA analyses
For mortgage lenders, changes driven by the pandemic are here to stay
Credit unions were already transforming their home loan operations before COVID-19, but many of the adjustments made as a result of the outbreak are likely to become permanent. ]] ... Read full article
Digital mortgage firm Beeline hiring, adding new technology
The company aims to help borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification. ... Read full article
DigMo 2020: The Year of Unexpected Disruption
The coronavirus pandemic has turned every industry on its head. For lending, it exposed the need for modernized, fully digital platforms. ... Read full article
Supreme Court ruling eliminates autodialer use for FHA, VA collections
The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cell phones for government-related debt collection. ... Read full article
U.S. Bancorp’s mortgage growth a good sign for banking
The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy. ... Read full article
Freddie Mac launches mortgage data app for lenders
The mortgage industry has put more emphasis on organizing data in a digital manner and presenting it in an easily digestible format. ... Read full article
Lower FICOs, higher DTIs prompt a change in FHA loan underwriting
The Federal Housing Administration is returning to manual reviews of higher-risk loans it insures because it's finding that a growing share have lower credit scores, higher debt-to-income ratios, or both. ... Read full article
24 million mortgage documents exposed in data security lapse
A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers. ... Read full article
Blend hires ex-Fannie CEO Mayopoulos as president
Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO. ... Read full article
Imagining banking without keyboards, apps or screens
Augmented devices and automation will push banking services beyond the current mobile phone delivery model into a virtual world — but how, exactly? Bank of America, Wells Fargo and others are trying to find out. ... Read full article
Welcome, overlords. Coffee's down the hall
AI and blockchain technology are going to change the financial services business. How much? Steve Brown, aka "The Bald Futurist" suspects you're underestimating. ... Read full article
SunTrust's Elliott on partnership relationships
It's good advice in any relationship context. SunTrust's Bryce Elliott wants transparency from his technology partners. "It's OK to tell me no." ... Read full article
How B of A streamlined its digital mortgage
The bank pared down its application to 50 questions and allows customers to do the easy work before turning it to the loan officer. ... Read full article