Remove Banks Remove Industrial Remove Technology
article thumbnail

CFPB finalizes rule that lays the foundation for open banking

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that lays the groundwork for open banking in the U.S. But this rule has sparked mixed reactions within the industry, reflecting both enthusiasm and concerns. and European Union, where open banking has already been adopted to drive innovation and consumer benefits.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chris Morton, ALTA ready to tackle title industry challenges

Housing Wire

Chris Morton has taken the helm at the American Land Title Association (ALTA) as the title insurance industry faces challenges on multiple fronts — from regulatory pressure and a slow housing market to increased cybersecurity threats. Brooklee Han: What do you feel are some of the biggest challenges currently facing the title industry?

article thumbnail

nCino cuts 7% of workforce as it talks up AI opportunities

Housing Wire

Banking and mortgage technology company nCino made a large reduction in force (RIF) ahead of its quarterly earnings call on Wednesday. “To exceed market demands, technology alone won’t allow us to move faster, we need to be intentional about eliminating overage, redundancies and bureaucracy.”

article thumbnail

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. In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management. A change is needed.

article thumbnail

How gen AI is making real estate cybercrime easier than ever

Housing Wire

Unfortunately, industry experts are anticipating that things will only get worse in 2025 as gen AI makes committing cybercrime easier than ever. Previously, ONeill said cybercriminals would specialize in certain parts of the crime or in certain technologies. But sophisticated website spoofs are not the only way fraudsters are using AI.

article thumbnail

5 lessons we learned at the HW Economic Summit – and why we consider it a ‘must attend’

Housing Wire

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. However, economists and industry leaders at the summit reinforced that every market is different.