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Shawn Malhotra talks Rocket’s vision for AI-powered, people-centered mortgages
Shawn Malhotra, the first chief technology officer in the history of Rocket Companies, says it’s pursuing an ambitious plan — to rewrite its entire operating system, from home search through mortgage servicing, on a foundation of artificial intelligence.
Earnnest, Lone Wolf expand partnership
With the newly announced expanded partnership TransactionDesk and Transact users will have access to Earnnest
An end to pandemic-era loss mitigation provisions is not a return to norms
Servicers have known the loss mitigation waterfalls enacted during the COVID-19 pandemic were eventually going to change. But a recent acceleration of the new governance has left the industry with only six months to make critical adjustments to loss mitigation workflows.
MBA leads coalition of support for trigger leads legislation
Various mortgage and housing trade groups signed the letter, including the National Housing Conference, American Bankers Association, Broker Action Coalition (BAC) and the Community Home Lenders of America (CHLA), among several others.
UWM sued by Ohio AG over ‘deliberate scheme’ to deceive borrowers
Ohio Attorney General Dave Yost claims that UWM conspired with mortgage brokers to steer loans and rip off consumers in Ohio.
No Congress, no rate hikes: Bill Ackman’s plan to privatize the GSEs
Bill Ackman, the billionaire founder of Pershing Square Capital Management, has an audacious plan to privatize Fannie Mae and Freddie Mac.
NTREIS appoints Chris Carrillo as CEO
Carrillo, currently CEO of Metro MLS in Milwaukee, brings nearly three decades of experience in the real estate industry to his new position.
Real estate agent morale has dropped in Redfin survey
Respondents cited economic challenges, discrimination in the industry and climate-related issues as key concerns affecting their profession.
CRMLS to offer AI-powered property reports from RealReports
The service, described as a “Carfax for homes,” will be available on an opt-in basis for CRMLS’s participating associations.
