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Rocket CEO talks new AI tool, changes in leadership and M&As

Housing Wire

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. Each year, Rocket employees participate in 65 million calls with clients, including 3.1

Tools 399
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Reevaluating your origination tools? Here’s where to start

Housing Wire

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 406
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Clario Appraisal Partners With Dod Skillbridge Program

Appraisal Buzz

Clario’s growth is unprecedented, expanding from 30 staff appraisers in 2019 to over 100 by the end of 2020, and is on target to employ 180 staff appraisers by the end of 2021. We specialize in real estate valuations for the mortgage lending and financial services industries. RENO, Nev. — Clario Appraisal Network, Inc.,

Appraisal 370
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Troubled Blend at risk of getting delisted from NYSE

Housing Wire

The California mortgage tech firm — now at risk of getting delisted from the NYSE — was off to a promising start when it went public in July 2021. With shares closing at $20.90, Blend had a valuation of around $4.6 Blend brought on hundreds of clients — including Wells Fargo , First Republic Bank , Mr. Cooper and U.S.

Business 370
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Financial document automation platform Ocrolus raises $80M

Housing Wire

The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams. Ocrolus has onboarded over 75 corporate team members in 2021 and plans to hire even faster in 2022.

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The looming non-QM commoditization question

Housing Wire

An LO with a client at the closing table. The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? In 2021, S&P Global estimated non-QM volume reached $28.6

Lending 381
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Finance of America reports record third quarter as it gears up for IPO

Housing Wire

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. billion of it coming through its forward-lending arm. billion valuation. billion valuation. The company funded $9.17 Presented by: WFG.

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