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How AI will transform the mortgage and appraisal industries

Housing Wire

Every business is on the brink of significant transformation driven by the potential of Artificial Intelligence (AI) and workflow automation, and the mortgage industry is no exception. HousingWire spoke with Gareth Borcherds , managing director at Ascent Software Group about how AI is speeding up processes in the mortgage industry.

Appraisal 383
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Valligent integrates with Encompass by ICE Mortgage Technology

Housing Wire

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass.

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FHA announces launch of new appraisal technology solution

Housing Wire

The Federal Housing Administration has announced an upcoming release of its FHA Catalyst: Electronic Appraisal Delivery module on the FHA Catalyst platform. This solution will allow lenders to electronically submit, track, and manage single-family property appraisals and will become available to FHA-approved lenders on Sept.

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LERETA Promotes Mitch Bledsoe to Chief Technology Officer 

Appraisal Buzz

Mitch Bledsoe has been promoted to chief technology officer for LERETA , which provides real estate tax and flood services for mortgage servicers. Bledsoe, who joined LERETA in 2022, was previously senior vice president of enterprise technology.

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How data and technology can combat appraisal bias

Housing Wire

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Asurity Technologies Taps Brad Vasto as SVP, Sales

Appraisal Buzz

Brad Vasto has joined Asurity Technologies, which offers consumer lending compliance software and advisory services, as senior vice president – sales. Vasto has more than 30 years of experience in meeting the needs of the mortgage, banking, and financial services industries.

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The surprising future of mortgage technology

Housing Wire

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. 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.