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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company.

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Opinion: Mortgage industry will shed 100K jobs this year

Housing Wire

And this time, the most wonderful time of the year gives way to what, in the mortgage industry, could be the most awfullest time of the year. Last fall I wrote a report, “Productivity, the One KPI to Rule Them All,” that among other things, states very plainly that the mortgage industry will go through a major downsizing during 2022.

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How AI implementation could impact the mortgage industry

Housing Wire

While it will take time to fully implement AI in the mortgage industry, the most practical use of AI in the mortgage process is document and data point recognition — or finding data and figuring out what the data is, according to a new Stratmor report on the potentials and limitations of AI.

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Pennymac shakes up tech leadership

Housing Wire

Pennymac Financial Services has made changes to its technology leadership, creating a new role focused on digital innovations, the company announced on Tuesday. They also come as the mortgage industry is making efforts to adopt artificial intelligence solutions to improve productivity and better assist customers.

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Why the mortgage industry is poised for record M&A activity

Housing Wire

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. However, the ramifications of climate risk are now being felt throughout the broader industry, especially as a larger and larger percentage of this damage comes in the form of uninsured losses. You build the home to code.

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Compass nabs Quinn & Co. Realty Group in Madison

Housing Wire

The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. Realty Group hopes to leverage the Compass client referrals network, along with the brokerage’s strategic support and end-to-end technology platform. “Our Quinn & Co.

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