Appraisal Buzz

OCTOBER 18, 2021

Roostify , a digital technology provider in home lending, has launched the Roostify Document Intelligence (RDI) Service for lenders, the first available service on its API platform, to instantly process and contextualize mortgage-related documents utilizing machine learning.

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Appraisal Buzz

APRIL 13, 2022

Gateless , a technology company providing the mortgage industry with AI solutions, has partnered with Google Cloud to accelerate document classification and extraction coverage used by its Gateless Smart Underwrite solution.

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Mortgage Technology Appraisal 195

Housing Wire

AUGUST 31, 2021

SoftWorks AI’s Trapeze for Mortgage Automation is where mortgage and AI expertise meet. Trapeze is a purpose-built solution designed to streamline different aspects of the mortgage lifecycle, from origination to post-close review, by converting documents to data with extreme accuracy and speed.

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Mortgage Clients Lending Design 366

Inman

DECEMBER 20, 2023

AI document automation platform signs 100 new customers in 2023 and now supports more than 1,150 types of documents to serve a growing number of use cases, including mortgage.

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Mortgage Technology 171

Appraisal Buzz

NOVEMBER 19, 2021

Mortgage Automator, a complete loan origination and servicing software for private lenders, has integrated Lightning Docs , a proprietary cloud-based loan document generation system developed in-house by the attorneys and partners at Geraci LLP. This integration allows lenders to further optimize their operations while increasing.

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Mortgage Development Appraisal 195

Housing Wire

SEPTEMBER 24, 2021

Ocrolus , a New York-based startup offering document processing automation for fintechs and banks, announced raising a $80 million Series C led by Fin VC, according to a press release. Founded in 2014 with a focus on automating Medicaid application processes, Ocrolus decided in 2016 to use its technology to classify financial documents.

Technology 397

Technology Valuation Lending Investors 397

Housing Wire

MAY 10, 2024

Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs. This will now be changed, according to provisions of the law as analyzed by the committee.

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Appraisal Buzz

SEPTEMBER 10, 2021

Paradatec , a provider of AI-based document classification and data extraction technology for mortgage loan processing, now offers its software via the cloud. operations for Paradatec, The post Paradatec’s Mortgage Document Technology Now Available in AI-Cloud Offering appeared first on Appraisal Buzz.

Technology 195

Technology Mortgage Tools Clients 195

Housing Wire

DECEMBER 4, 2023

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. is a software development company that offers a digital loan origination and POS system for the mortgage industry. in an $87 million deal in 2021.

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Lending Mortgage Real Estate Agent Design 441

Appraisal Buzz

MARCH 14, 2022

Human-in-the-Loop document automation platform Ocrolus ’ new suite of document-centric applications is now offered in ICE Encompass, intended to reduce delays due to review queues within the mortgage approval process. “Prolonged mortgage approval cycles. “Prolonged mortgage approval cycles.

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Appraisal Buzz

OCTOBER 12, 2021

a company focused on identifying and growing top tech companies in emerging markets, has announced that its controlled subsidiary dba, EZ365 , plans to join forces with Toronto-based Matrix Mortgage Global to mint critical mortgage and real estate documentation in blockchain-enabled NFT form. Wee-Cig International Corp. ,

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Real Estate Mortgage Appraisal Marketing 195

Appraisal Buzz

DECEMBER 13, 2021

Infrrd , a provider of intelligent document processing (IDP) solutions, has launched Infrrd for Mortgage, which automates the lending process for mortgage origination companies and mortgage servicing entities. IDP is a next-generation solution for extracting data from complex, unstructured documents.

Technology 195

Technology Lending Mortgage Appraisal 195

Housing Wire

APRIL 24, 2024

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. The alleged scheme misled lenders about the “true intended use of the properties,” and “Gallo and Elmas secured and profited from mortgage loans that were approved at lower interest rates,” the DOJ claimed.

Mortgage 543

Mortgage Retail Finance Investing 543

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgage 421

Mortgage Loan Officers Real Estate Agent Design 421

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

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Mortgage Real Estate Agent Inventory Housing Market 441

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. Job positions affected by the layoffs are underwriters, processors, disclosure and document specialists, among others.

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Human Resources Mortgage Loan Officers Finance 458

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

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Brokerage Mortgage Development Insurance 421

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage News and Law360.

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Appraisal Buzz

APRIL 10, 2024

Rocket Mortgage has rolled out an artificial intelligence (AI)-driven technology platform designed to make homeownership simpler and quicker. Through Rocket Logic, homebuyers spend less time answering questions and confirming details for mortgage bankers. Currently, Rocket Logic automatically identifies nearly 70% of the more than 1.5

Mortgage 195

Mortgage Clients Technology Design 195

Appraisal Buzz

DECEMBER 17, 2021

First American Docutech , a provider of document, eSign, eClose and print fulfillment technology for the mortgage industry, and member of the First American family of companies, has opened a third print and mail facility to meet growing demand for loan document fulfillment.

Technology 195

Technology Appraisal Mortgage 195

Housing Wire

SEPTEMBER 6, 2023

The Consumer Financial Protection Bureau (CFPB) last week made a quiet change to its guidance related to the Real Estate Settlement and Procedures Act (RESPA), affirming that mortgage originators who partner with U.S. It is not exhaustive of all HUD documents that continue to apply.” This list is provided for ease of reference.

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Mortgage Contracts Real Estate Development 421

Housing Wire

DECEMBER 21, 2023

Dovenmuehle Mortgage , a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year. However, higher mortgage rates this year led mortgage origination volume to decline to $1.6 14 to the state authority. trillion, compared to $2.2

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Human Resources Mortgage Government Investors 431

Housing Wire

APRIL 13, 2023

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of managing documents and communication.

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Technology Mortgage Real Estate Agents 369

Housing Wire

JANUARY 23, 2023

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Revolution will implement Tavant’s document, credit, and collateral analyses solutions later this year.

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Lending Mortgage Technology Design 421

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. CFPB’s probe into mortgage lenders The CFPB’s probe into mortgage lenders was shared back in Fall 2021.

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Mortgage Lending Law Loan Officers 441

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

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Mortgage Investors Tools Technology 432

Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS).

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Mortgage Technology Lending Valuation 370

Housing Wire

MARCH 4, 2024

Three Bayview Asset Management -owned mortgage servicers are seeking to halt a plaintiff’s filing in a data breach lawsuit, citing an overabundance of confidential information shared about the incident, National Mortgage News first reported. and Fairway Independent Mortgage Corp. The objection, filed on Feb.

Mortgage 431

Mortgage Clients Development Legal 431

Housing Wire

NOVEMBER 1, 2023

Payroll connectivity platform Argyle and ICE Mortgage Technology have partnered to allow lenders access real-time income and employment data for borrowers throughout the loan origination process. Lenders can directly request data in the Encompass platform and import it to borrower files, Argyle noted in announcing the partnership.

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Mortgage Technology Investors Clients 408

Housing Wire

JULY 20, 2023

Perhaps more than any other financial product, mortgages offer a wide array of specific consumer protections including RESPA, TILA, TRID, LO Comp, HOEPA, servicing rules, and many others,” CHLA said in a statement regarding the document. The document includes seven items, included in full below.

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Mortgage Finance Realtors Marketing 369

Housing Wire

AUGUST 2, 2022

The mortgage servicing rights (MSR) market is continuing to pump out new deals. Freedom Mortgage , one of the country’s largest mortgage servicers, recently unveiled its second private-label offering this year backed by MSRs. The notes are backed by Ginnie Mae mortgage-servicing rights, according to a presale report by KBRA.

Mortgage 397

Mortgage Sellers Valuation Brokerage 397

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. He still serves as its president and CEO.

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Mortgage Technology Lending Business 410

Housing Wire

JANUARY 8, 2024

ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In

Clients 431

Clients Investing Mortgage Technology 431

Housing Wire

JUNE 29, 2023

Fannie Mae has issued a mortgage fraud alert for lenders in northern California, warning of heightened instances of misrepresented child support income in “numerous loans” that have been originated in the region over the past few months. The GSE highlighted four hallmarks of such a scheme.

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Real Estate Agent Mortgage Design Real Estate 410

Housing Wire

APRIL 9, 2024

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims.

Clients 466

Clients Technology Investing Finance 466

Housing Wire

APRIL 5, 2024

Reverse mortgage professionals in Massachusetts will be reliant on their borrowers’ ability to complete their required counseling sessions under the state’s face-to-face mandate following the expiration of a provision temporarily relaxing the standard that expired on April 1. So, I feel a measure of confidence in that regard.

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Mortgage Law Business Development 421

Appraisal Buzz

JUNE 7, 2021

has debuted DocVu.AI – an AI-driven intelligent document processing platform that enables clients to seamlessly extract, analyze, search and manage datasets from mortgage documents. The post Visionet Systems Rolls Out New Document Processing Solution appeared first on Appraisal Buzz. Visionet Systems Inc.

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