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How data and technology can combat appraisal bias

Housing Wire

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you.

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The Closing Exchange provides a wide variety of signing solutions for lenders looking to deliver eClosings

Housing Wire

Its signing solutions are delivered by TCX’s proprietary and integrated CXChoice platform, along with more than 80,000 vetted and trained notaries across the country with specialties in areas such as RON, HELOCs, loan modification, high net worth and reverse mortgage.

Training 335
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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

Non-QM vigilance Pamela Hamrick, president of Incenter Diligence Solutions , which provides due-diligence reviews and document management services for the mortgage industry, said that prefunding reviews are also gaining more traction in the nonqualified mortgage ( non-QM ) space. Non-QM loans are those that cannot be purchased by the GSEs.

Investors 401
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Pavan Agarwal: Bullish on replacing humans with AI

Housing Wire

Most tech CEOs emphasize how their technology empowers, not replaces, humans. But Pavan Agarwal, CEO of Sun West Mortgage Company and the creator of the Angel Ai technology, has a different perspective, which he shares in this interview with HousingWire Editor in Chief Sarah Wheeler. And AI can deliver that. How does that work?

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United Wholesale Mortgage’s Blink+ tool includes an LOS, POS and CRM all in one package

Housing Wire

By writing and maintaining all of the code along with investing heavily in putting together a world class modern IT infrastructure that efficiently leverages a mix of modern technologies like the public cloud and API based software architectures, UWM has been able to turn on a dime and stay well ahead of shifts in the market utilizing technology.

Tools 306
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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Fewer homebuying transactions means less fraud , right? “No! It is brute force.

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Roostify launches first of many AI-powered APIs on home lending platform

Housing Wire

Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. “The way we are using the Document Intelligence Service at Roostify is just an example of one use case,” Bhat told FinLedger.

Lending 324