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Clear Capital launches appraisal tool to speed photo review

Housing Wire

Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines. At the moment, the technology is being piloted internally.

Tools 429
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AI startup BEN adds Chris Heller as adviser to board of directors

Housing Wire

a special purpose acquisition company (SPAC) focused on technology — in a deal that values the combined company at $358 million. Heller currently serves as president of OJO Labs , a real estate technology company focused on improving homeownership. In 2022 and 2023, HousingWire recognized Heller as an HW Vanguard.

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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. Follette, who joined Pennymac 12 years ago, became the company’s senior managing director and chief mortgage operations officer in 2022.

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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

Foxfire cited RE/MAX’s technology offerings as a major draw to the brand. “We We were completely blown away by the tools and technology and the culture of RE/MAX,” Owen Boone, RE/MAX Foxfire’s vice president and director of operations, said in a statement.

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Past HW TECH100 honorees share their tech predictions for 2023

Housing Wire

Both organizations were recognized as 2022 TECH100 winners for their innovation in mortgage solutions. With high competition and borrowers of all ages accustomed to digital tools, consumer experience will be even more critical than ever before and the key differentiator for borrowers,” he added.

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ICE envisions an unstoppable ‘life-of-loan’ platform with Black Knight acquisition

Housing Wire

Since ICE announced plans to acquire Black Knight in May 2022, the firm went through a bumpy 16-month-period facing antitrust concerns from the Federal Trade Commission (FTC), lawmakers and trade groups. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions.

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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. The company says the round is the largest Series A for a New England fintech and it plans to use the capital to double or even triple its staff by the first quarter of 2022. “We