Mortgage giant claims lenders who embrace automation enjoy fewer loan defects and cut loan production time and cost compared to lenders with lower technology utilization. Continue reading
Executives and employees of the combined company will continue to serve a nationwide footprint as Go Mortgage, which is hiring retail branch managers and loan originators. Continue reading
After months of beta testing, the melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance. Continue reading
Deal sets the stage for TransUnion to go head-to-head with Equifax’s verification service, The Work Number, and help mortgage lenders speed up closings. Continue reading
Proposed standards would include random sample testing and reviews to ensure a “high level of confidence” in the estimates produced by AVMs. Continue reading
Mortgage lenders seeking economies of scale are automating much of the loan application and underwriting process, helping them price loans competitively and take market share from less efficient lenders. Continue reading