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FinLocker raises $17M in Series B funding round

Housing Wire

The company said it will be using generative artificial intelligence (AI) and machine learning technologies to provide customers with personalized recommendations, credit management solutions, budgeting assistance and loan qualification tools. million in pre-seed funding in 2016.

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How lenders can help borrowers improve their credit score

Housing Wire

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. Or, give up looking altogether.

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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. HW: What steps in the real estate transaction could benefit from further digitalization?

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Milo launches a crypto mortgage product

Housing Wire

” Per the company’s website , it takes five minutes to receive a pre-qualification for a mortgage, though final approval is conditional on finishing the application and providing supporting documents. Milo said that it has originated millions of dollars in loans and has had applicants from over 63 countries. “As

Mortgages 485
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Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. This is not an Amazon order.

Lending 370
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CoreLogic AutomatIQ Borrower reimagines the underwriting process with automation and standardization

Housing Wire

Even as lenders make significant investments in new technology and digital infrastructure, they continue to struggle with increasing costs per loan and time-to-close metrics. With AutomatIQ Borrower, lenders can originate loans faster, with fewer steps and at a lower cost – all while improving quality and the user experience.

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The surprising future of mortgage technology

Housing Wire

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.