Ocrolus taps OpenAI to sift more mortgage apps — without humans

The document automator’s analysis of borrower-supplied mortgage documentation provides “full-stack capabilities,” helping lenders capture data fields, detect fraud and analyze cash flows. Continue reading

WATCH: UWM CEO Mat Ishbia gets shoved by 7-footer at NBA game

Ishbia, majority owner of the Phoenix Suns, was knocked over by Nuggets’ star Nikola Jokic in a play that headed his way, for which he was given a technical foul. Continue reading

EasyKnock acquires Ribbon in bid to launch national marketplace

The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively. Continue reading

Ongoing doubts about soundness of regional banks rattle investors

Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they’re calling off their merger. Continue reading

Fed signals it may be done raising rates, but Powell won’t talk pivot

Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms. Continue reading

Fannie and Freddie boost profits even as mortgage business tanks

The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading

Unlock homeownership with down payment assistance programs 

As a real estate agent, it’s not enough just to conduct the transaction. Provide education and service that will help make it possible in the first place. Continue reading

How to beat your buyer’s biggest obstacle to purchasing a home

Down payment assistance programs can help more people make their dreams of homeownership come true, including up to one-third of all borrowers who fail to qualify without DPA. Continue reading

What’s to like (or not to like) about your in-house lender? Pulse

Does your in-house lender function more as a trusted resource or as a barrier to getting your deals done in a timely manner? Continue reading