Tag Archives: loan origination

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

By | | Uncategorized
Comments Off on Better claims its new AI app can underwrite some mortgage loans in 47 seconds

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

AI helps UWM seize the day, make the most loans in 4 years in Q3

By | | Uncategorized
Comments Off on AI helps UWM seize the day, make the most loans in 4 years in Q3

Mia, a generative AI loan officer assistant that UWM rolled out in May, has made more than 400,000 calls — often to alert past clients of opportunities to refinance their mortgage at lower rates. Continue reading →

AI key to growing Rocket, Redfin and Mr. Cooper under one roof

By | | Uncategorized
Comments Off on AI key to growing Rocket, Redfin and Mr. Cooper under one roof

“The reason that we are so obsessed with this technology is because it helps us with every single aspect of our business,” Rocket CEO Varun Krishna says in detailing how AI will power growth. Continue reading →

LoanDepot revamps leadership as it fights steering allegations

By | | Uncategorized
Comments Off on LoanDepot revamps leadership as it fights steering allegations

Since returning in July as CEO of the company he founded, Anthony Hsieh has cleaned house, hiring or promoting 10 executives who can help take loanDepot “back to our roots.” Continue reading →

Rocket Companies closes Mr. Cooper acquisition

By | | Uncategorized
Comments Off on Rocket Companies closes Mr. Cooper acquisition

Rocket Companies has closed its acquisition of Mr. Cooper for $14.2 billion, according to an announcement on Wednesday morning. The final acquisition price is 51 percent higher than the $9.4 billion price tag announced in March, due to Mr. Cooper’s rec… Continue reading →

Better Mortgage seizes the day on Wall Street with $75M raise

By | | Uncategorized
Comments Off on Better Mortgage seizes the day on Wall Street with $75M raise

The goal is to maximize two new partnerships and quadruple Better’s monthly mortgage originations to $2 billion. The raise follows a bullish endorsement by activist Opendoor investor Eric Jackson. Continue reading →

Better shares soar on bullish thesis by activist investor Eric Jackson

By | | Uncategorized
Comments Off on Better shares soar on bullish thesis by activist investor Eric Jackson

EMJ Capital’s founder posted a thesis on X that Better Home & Finance is “the Shopify of mortgages” with the potential for AI to boost capacity and fuel explosive growth. Continue reading →

Mr. Cooper shareholders approve merger with Rocket Companies

By | | Uncategorized
Comments Off on Mr. Cooper shareholders approve merger with Rocket Companies

Rocket hopes the $9.4 billion deal will help it capture 20 percent of all mortgage refinancing and wrest back its title as the nation’s biggest mortgage lender from rival United Wholesale Mortgage. Continue reading →

RE/MAX taps an industry veteran to revive Motto Mortgage brand

By | | Uncategorized
Comments Off on RE/MAX taps an industry veteran to revive Motto Mortgage brand

Former PHH Mortgage executive Vic Lombardo was most recently COO of Guaranteed Rate Affinity, a joint venture between nonbank lender Guaranteed Rate and Anywhere Real Estate. Continue reading →

Tidalwave and Bevri.ai launch agentic AI for mortgage brokers

By | | Uncategorized
Comments Off on Tidalwave and Bevri.ai launch agentic AI for mortgage brokers

Mortgage technology startup leveraging integrations with Fannie Mae, Freddie Mac and ICE Mortgage Technology to grow its stable of clients — which now include NEXA Mortgage. Continue reading →