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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” The flip side is if I instead have a platform that leverages technology (such as AI and optical character recognition software, or OCR) to essentially level the playing field.

Loans 434
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Regulation hasn’t caught up to generative AI

Housing Wire

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

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How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. Our professionals then work within their technology, reducing potential challenges about the technology integration.

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ICE integrates Maxwell and Roostify to eClose solution

Housing Wire

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

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The crypto-mortgage is the new kid on the block

Housing Wire

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. We’re not huge, but we’re not small either.”.

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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

A home purchase or sale might be the most significant financial commitment a person makes in their lifetime, and many sales are layered with complicated feelings. Embrace technology If you still rely on paper and pen, it’s time to enter the 21st century. Real estate transactions are rarely stress-free.

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Artificial Intelligence Integration: Lendesk Unveils New Lender Spotlight AI Assistant

Realty Biz

Artificial intelligence (AI) is quickly becoming an integral part of the real estate technology industry. Lendesk Ups the Ante Lendesk made major waves recently when it announced its most recent development: the new Lender Spotlight AI assistant.