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Grid151 acquires Simply Secure Sign’s eClosing technology

Housing Wire

Grid151 , a technology products provider for the mortgage and real estate industries, has acquired Simply Secure Sign , an eClosing technology platform, the company announced Tuesday. Maura Healey signed legislation legalizing remote online notarizations ( RON ) last March while California looks poised to pass RON legislation soon.

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CFPB details legal requirements for lenders’ use of A.I. when making credit decisions

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of legal requirements lenders must adhere to when using artificial intelligence (AI) or “other complex models” when making decisions about the creditworthiness of borrowers. There is no special exemption for artificial intelligence.”

Legal 392
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CFPB Warns Mortgage Industry About Legal Responsibilities in Disclosure

Appraisal Buzz

Companies have long used advanced computational methods as part of their credit decision making process, but as technology evolves, … The post CFPB Warns Mortgage Industry About Legal Responsibilities in Disclosure appeared first on DSNews.

Legal 170
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Stavvy’s Jeremy Potter on streamlining servicing through technology in 2022

Housing Wire

A 2021 Tech100 Mortgage honoree, Stavvy is helping organizations navigate complex financial and legal transactions easily and safely, allowing servicers to put customer experience at the forefront during tough times like a global pandemic. “In Our technology is helping servicers do what they do best — serve their clients anywhere, anytime.

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PennyMac pays $158M to Black Knight in servicing platform dispute

Housing Wire

million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. When announcing earnings in early February, company executives commented on the legal battle. PennyMac Financial Services has paid $158.4

Legal 376
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Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders. Additionally, there are no property location or census tract constraints, making the program accessible within PMG’s nationwide footprint.

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The nation’s largest MLS is offering a new agent referral network program

Housing Wire

California Regional MLS (CRMLS), the largest MLS in the country, has teamed up with technology provider Immobel to roll out two new products, MLS Match and Xomio, the company announced on Wednesday. The platform ensures legally binding referrals and secure sharing of client’s information.

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