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Better Mortgage’s AI revolution: How Better is empowering loan officers, not replacing them

Housing Wire

In an era where technology often threatens to overshadow human roles, Better Mortgage is charting a different course. By developing in-house AI tools designed to complement rather than replace human expertise, the company is enhancing the mortgage experience for both borrowers and loan officers.

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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.

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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.

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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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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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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.

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Inside UWM’s tech evolution: How LEO and Mia are shaping the future of mortgage lending

Housing Wire

Technology is accelerating change across the financial services industry, and United Wholesale Mortgage is at the forefront of mortgage innovation. Behind this momentum is Jason Bressler, UWM’s Chief Technology Officer. The first one we rolled out was LEO, which stands for Loan Estimate Optimizer. Jason Bressler: Yes!