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ICE looks to rethink the mortgage servicing experience

Housing Wire

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. It also unveiled two new tools , Validate ROV and Validate Selector, that were added to its growing suite of property valuation solutions.

Mortgage 377
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Federal agencies seek input on proposed AVM credibility, integrity rule

Housing Wire

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

Valuation 385
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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Find their dream home faster. Evaluate properties instantly.

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Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). Department of the Treasury ; and the Federal Reserve System.

Valuation 368
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CFPB wants lenders to disclose reason for denial of credit

Housing Wire

The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance. The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. Presented by: Mortgage Coach.

Law 421
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Clear Capital and ICE Mortgage Technology Expand Partnership to Support Adoption of Modern Appraisal Programs

Clear Capital

Clear Capital solutions combined with ICE’s API technology ensures fast and accurate collection and submission that is designed to meet Freddie Mac and Fannie Mae data standards for property data reports and property data collections respectively. Clear Capital’s automated status updates keep the lender informed in real-time.

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Redfin joins Realtor.com in displaying flood data

Housing Wire

Like Realtor.com, Redfin will be publishing data compiled by First Street Foundation , a science and technology nonprofit organization that quantifies flood risk through Flood Factor. “Buying a home is the biggest purchase most people will make in their lifetime,” Redfin Chief Product Officer Christian Taubman said in a statement.

Insurance 500