Tag Archives: automated underwriting

Better slashes costs, exits UK in push to reach profitability

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Better Home Finance is selling its U.K. bank, raising $60 million, and cutting costs as it restructures, boosts liquidity, and targets profitability by 2026. Continue reading →

Offerpad bets on AI to deliver higher-quality seller leads

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As brokerages fight over listings, Offerpad is quietly rebuilding its seller intake and routing system with new AI tools. Continue reading →

Better claims its new AI app can underwrite some mortgage loans in 47 seconds

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Better’s Tinman platform brings conversational AI to mortgage underwriting, aiming to make the process faster and more efficient. Continue reading →

Mortgage giants ‘very close’ to accepting new FICO score

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FHFA Director Bill Pulte says his agency is currently reviewing a potential deal with Fair Isaac to allow lenders to use the more inclusive FICO Score 10 T when submitting loans to Fannie Mae and Freddie Mac. Continue reading →

Freddie Mac deepens integrations with ICE’s Encompass platform

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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 →

Go Mortgage and PacRes seek economies of scale in merger

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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 →

Automating verifications lets loanDepot OK loans in minutes

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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 →

TransUnion bets $24M in strategic partnership with Truework

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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 →

Quality control standards for AVMs may cover discrimination

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Proposed standards would include random sample testing and reviews to ensure a “high level of confidence” in the estimates produced by AVMs. Continue reading →

Guaranty Home Mortgage Corp. to automate doc processing with AI

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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 →