Figure now using OpenAI’s GPT to speed HELOC doc review process

When combined with a newly launched chatbot powered by Google Gemini, Figure says AI-powered doc review will save $8 million while raising customer satisfaction scores. Continue reading

Maxwell’s AI tool probes inner workings of mortgage lending

Mortgage lenders using AskMax no longer need to be database engineers. They can ask for — and receive — business intelligence in plain English. Continue reading

MyCUmortgage signed 13 credit unions as new clients in 2023

With the addition of new partners serving 713,865 members, myCUmortgage says it’s now helping nearly 200 credit unions originate, underwrite and service conventional and government-backed home loans. Continue reading

Developer accused of marketing in Spanish, closing in English

Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless. Continue reading

Damn the torpedoes! Maxwell full speed ahead on acquisitions

The Denver-based mortgage tech provider is open to more deals after acquiring LenderSelect and Revvin and becoming a one-stop shop for more local lenders during a cyclical market downturn. Continue reading

Maxwell’s LenderSelect deal grows footprint with community banks

The deal to acquire LenderSelect from Blue Ridge Bankshares will also enable “significant expansion” of the secondary market trading platform, Maxwell Capital. Continue reading

Guaranteed Rate taking borrowers from application to close en Español

Lender expands Spanish language access program launched in April to include disclosures that describe loan terms and fees. Continue reading

Credit unions, banks flock to Black Knight’s Empower mortgage LOS

IThink Financial, the eighth credit union to sign up for Empower since December, will use the mortgage loan origination system to provide home loans to more than 100,000 members. Continue reading

Qualia’s new API could help companies scale digital title ops

Qualia API users can automatically place and track title orders and access order, accounting and contact data to build custom notifications and performance dashboards. Continue reading

WATCH: How being picky about your financing options can pay off

At Inman Connect Las Vegas, John Paasonen of Maxwell and Robert Foos of Knock said agents and buyers have an opportunity to be selective in the current market when it comes to financing. Continue reading