The housing market continues to favor buyers, forcing prices to slide and affordability to improve, according to a new report from Redfin. Processing Content Americans needed to earn $111,252 per year to afford the average home for sale in December, down 4% from $115,870 a year ago and 8.8% from a peak of $122,000 in […]
Income needed to buy a home falls 4% Read More »
The mortgage industry loves speed. Faster verifications, faster underwriting, faster closings. Over the past decade, lenders have invested heavily in technology designed to compress cycle times, reduce manual touchpoints, and improve margins in an increasingly rate-sensitive market. Processing Content But there is a structural problem technology alone cannot solve: a mortgage decision is only as
Mortgage tech can’t fix bad credit data Read More »
Underwriting processes will see the greatest transformation — and the biggest lift — from artificial intelligence this year, and the outcomes it produces should aid in instilling confidence among buyers and lenders. Processing Content In a recent National Mortgage News survey, 57% of respondents predicted AI-driven underwriting would create the greatest mortgage industry change this
AI hits underwriting: 57% of pros predict change Read More »