Remove Closing Remove Loan Officer Remove Technology
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Tomo Mortgage closes $20M Series B funding round

Housing Wire

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

Closing 360
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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers.

Mortgages 384
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AI assistant Shilo closes $2.6 million seed funding round

Housing Wire

According to the company, Shilo can deeply understand the context of business calls made by real estate agents and mortgage loan officers. “We’re here to build the AI teammate every elite agent will use daily — one that listens, learns, and helps them win. That teammate’s name is Shilo.”

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How Mortiles use technology and vendors services to push title searches into the future

Housing Wire

Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. Fortunately, information technology company Mortiles brings comprehensive solutions to the ever-changing title insurance, escrow and settlement arena. We invested close to $1.5

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The long anticipated transformation of the L.O.’s role is here

Housing Wire

Todays best loan officers operate differently and expect more. Things like AI, well-integrated technology, consumer expectations and the rise of a number of innovative new business models have turned the industry on its head, and for the better in many cases. Did I mention technology has also changed?

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Lenders can use closing technology as a bargaining chip

Housing Wire

While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology. Without loan officer adoption, that spend becomes frivolous, making a lender’s decisions on which technologies to include in the tech stack extremely important.

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Rocket-Redfin deal sparks uncertainty over Bay Equity’s future

Housing Wire

Bay has encouraged us to start looking [for a job] as Rocket is really only offering loan officer positions at this time, an employee told HousingWire under the condition of anonymity for fear of affecting job prospects. The RocketRedfin deal is expected to close in Q2 or Q3. They will be a great fit.