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Open banking is on the verge of transforming mortgages. Most are unaware of it

Housing Wire

FormFree , a mortgage fintech founded in the midst of the Global Financial Crisis by Brent Chandler, is putting the customer in control of their own data, a practice known as “open banking” that could transform lending. Lapin said FormFree operates within an open banking framework, a relative rarity in the mortgage industry.

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Here’s how one CRE veteran helps multifamily investors thrive

Housing Wire

If it isn’t rising interest rates or shifting rental trends, then growing technology is the driving force that prompts investors to evolve. Meet Danny van der Reis , a commercial real estate (CRE) finance veteran and executive vice president of servicing and asset management at Arbor Realty Trust. A change is needed.

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Real launches three new products during its agent conference

Housing Wire

Technology is the backbone upon which Real was built, and we continue to push the limits when it comes to leveraging artificial intelligence to deliver solutions that provide our agents and their clients with a strategic advantage,” Tamir Poleg , the CEO and chairman of Real, said in a statement. “Leo and Canada.

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New York governor backs moves to fight elder financial exploitation

Housing Wire

Hochul is seeking to mandate specialized training for bank tellers and other banking professionals in New York to identify and stop instances of elder financial abuse before they take place, according to a report from Newsday. Older Americans are often targets of financial scams by bad actors, and New York Gov.

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BOK Financial launches mortgage finance line of business

Housing Wire

BOK Financial recently announced the launch of its new mortgage finance line of business, a new vertical dedicated to meeting the credit needs of nonbank mortgage originators across the country. The addition of mortgage finance will create a full-service ecosystem tailored to the needs of the company’s client base.

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Younger homebuyers turn to social media, AI and each other

Housing Wire

Only 40% of respondents said they trust banks — a sharp drop from 61.5% The report suggests that this technology “cuts through information noise, providing targeted, digestible guidance that simplifies complex financial decisions.” More than half (53%) of all respondents said they never received personal finance education in school.

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Prudent AI is helping mortgage lenders cater to gig economy workers

Housing Wire

“Our technology eliminates the tedious ‘stare and compare’ work of analyzing bank statements while enhancing fraud detection and ensuring consistency across underwriting decisions,” said Paul Gigliotti , chief growth officer at Prudent AI. These interviews have been edited for length and clarity.