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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

“After 28 years in mortgage technology, I’ve been committed to one goal: helping more Americans achieve homeownership,” FinLocker CEO Henry Cason said in a statement. 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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Younger homebuyers turn to social media, AI and each other

Housing Wire

Trust in loan officers has plunged even further, down to 19.5%. Only 20% of respondents now trust loan officers to guide them through mortgage decisions, while only 33% believe that real estate agents provide reliable advice. Only 40% of respondents said they trust banks — a sharp drop from 61.5% Who to turn to?

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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. billion in loans in 2021nearly 10 times Redfins in-house mortgage volume. They will be a great fit.

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zavvie launches HomeFAI, an AI-powered alternative financing system

Housing Wire

This is AI meets modern home financing and its transforming the way people buy homes, Lane Hornung , co-founder and CEO of zavvie, said in a statement. Our new platform brings unprecedented speed and certainty to home financing, helping loan officers and their clients win more deals.

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Are you prepared to respond as borrower demand shifts?

Housing Wire

We recommend investing in three key aspects of your customer acquisition strategy to ensure you have the technology, people and operational workflows needed as rates change and volumes increase. How your technology partner can help Having nimble technology is critical for capitalizing on market dynamics.

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Younger homebuyers have concerns over AI’s role in the mortgage process

Housing Wire

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

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Better’s AI bots might take over mortgages — but its losses are still piling up

Housing Wire

Better Home & Finance Holding Co., Better’s earnings report also included the announced hiring of the executive team from NEO Home Loans to build out a distributed retail channel. The goal is to combine Better’s AI technology with NEO’s local loan expertise to increase market reach, especially in the purchase mortgage segment.