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Mortgage insurer trade group commits to VantageScore 4.0 implementation
The USMI says it welcomes Pulte’s announcement that the GSEs will accept loans scored by the VantageScore 4.0 algorithm.
FHFA’s Pulte files new criminal referral against Fed’s Cook over mortgage fraud accusations
Federal Housing Finance Agency (FHFA) Director Bill Pulte issued a second criminal referral against Federal Reserve Governor Lisa Cook on Thursday.
It’s time to facilitate tech stacks that actually work for title agents
Here’s an uncomfortable truth: the title industry has long been held hostage by many of its own technology providers. Despite billions invested in “revolutionary” platforms and “game-changing” solutions, most title agents are forced to live with a reality that forces them to juggle incompatible systems that don’t talk to each other, can’t adapt to real-life workflows and sometimes seem to have been designed by people who’ve never actually processed a title order. While vendors tout their latest features at industry conferences, agents are back in their offices performing digital gymnastics just to complete basic transactions. It’s time to ask ourselves a hard question: why do agents, of whom precision and reliability is demanded for each order, tolerate technology that delivers neither?
HUD publishes new reverse mortgage counseling guidance
The guidance is designed to clarify requirements for obtaining HECM counseling certification, and to provide a HECM “toolkit” for agencies.
The MSR market hasn’t been this hot in decades
MSR sellers are capitalizing on “enormous” demand and valuations at a 25-year high. Buyers are plotting recapture opportunities. We’ve got the scop on who’s selling.
DIY automation isn’t always a win: What mortgage lenders need to know
In today’s mortgage industry, nearly every organization is battling inefficiencies caused by manual processes. Whether it’s a loan officer pulling data from one system to enter it into another, or underwriting teams relying on endless email threads and spreadsheets, the day-to-day operations behind most lending workflows are still shockingly analog.
NAR makes changes to its antitrust legal team
NAR removed all lawyers from Cooley LLP, including lead attorney Ethan Glass, from the Gibson and Moehrl commission lawsuits.
Merger creates largest Century 21 firm in Louisiana
The new firm includes two offices and roughly 85 independent agents, covering markets from Lake Charles to Baton Rouge and Shreveport.
Eight startups selected for NAR’s REACH tech program
The annual initiative focuses on scaling companies that provide digital solutions for the residential and commercial real estate markets.
