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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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Better Mortgage partners with NEO Home Loans to transform “local” mortgage lending

Housing Wire

Today’s mortgage lending environment is shifting rapidly. Purchase loans are now outpacing refinances, and interest rates are reaching the stratosphere. However, one mortgage company is in a prime position to transform the market and deliver value to mortgage professionals. The goal is simple yet profound.

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CFPB sues Vanderbilt, a Berkshire Hathaway lender, over risky home loans

Housing Wire

Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. After paying their mortgage, one family was left with $57.78

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ARMs, government loans are the hottest things in mortgage

Housing Wire

Adjustable-rate mortgages ( ARMs ) have grown in popularity in recent months as borrowers search for affordability relief anywhere they can find it. More than 7% of all mortgage applications last week were for ARM products far above the normal baseline of 3% to 5%, Fratantoni said. It was a more affordable mortgage.”

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Mortgage applications rebounded 20% last week as rates dipped

Housing Wire

Mortgage applications jumped 20.0% from the prior week, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications Survey for the week ending April 4, 2025. The refinance index increased 35% from the previous week as mortgage rates took a dip. of total applications from 38.6% from 15.8%

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Down payments are getting smaller as buyers scoop up FHA, VA loans

Housing Wire

Department of Veterans Affairs (VA) loans, another contributor to lower down payment amounts. Roughly one in seven (15.3%) mortgaged sales used an FHA loan in April 2025, up from 14.2% By metro area, FHA loans were most prevalent in Riverside, California , where 26.7% of mortgaged home sales used one.

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Will AI replace the loan officer?

Housing Wire

There have been countless press releases and news articles about how AI is changing the mortgage industry. The industry fears AI will ultimately replace everyone, from operations to loan officers. As a loan officer , I am not losing any sleep, and here is why you should not, either. Absolutely not.I