Mortgage lenders are turning to AI to play in the big leagues

Rocket Mortgage and UWM are counting on AI to help them scale their businesses as mortgage rates fall. Small and mid-size lenders don’t want to be left behind. Continue reading

UWM shrugs off $241M Q1 net loss on loan servicing writedown

Executives put a positive spin on prospects for growth, with loan origination volume up 17 percent from a year ago to $32.4 billion and revenue up 5 percent to $613.4 million. Continue reading

UWM expands its Rocket rivalry into mortgage loan servicing

Long-term agreement with ICE Mortgage Technology will help nation’s largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals. Continue reading

UWM and Google Cloud announce ‘strategic’ AI mortgage partnership

Nation’s largest mortgage lender integrates AI and machine learning tools into its lending platform to streamline underwriting and document processing and provide chat support. Continue reading

CoreLogic snaps up mortgage technology provider Roostify

The deal is touted as a way to give mortgage lenders critical information about borrowers and properties at the beginning of the loan process. Continue reading

Mortgage tech provider Gateless looking to ride automation wave

The mortgage technology company founded by Guaranteed Rate CEO is integrating with Fannie Mae and Freddie Mac and partnering with Google Cloud, it was announced this week. Continue reading

New log4j cybersecurity flaw has exposed millions of users to hackers

Government officials said the flaw is already being “widely exploited” by nefarious bad actors, meaning there’s a good chance anyone reading this is at risk. Here’s what you need to know. Continue reading

Microsoft ups cloud capabilities for mortgage lenders

Microsoft is bolstering its cloud capabilities with a new offering tailored to meeting the privacy, security and regulatory compliance needs of financial services companies. Continue reading

Are 15-minute mortgage loan approvals the future?

United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage loan approval in minutes. Continue reading