San Francisco’s median house price jumped to a record $2.15 million in March, up 18% from a year earlier as wealth generated by artificial intelligence startups flooded the city, according to brokerage Compass Inc. Processing Content Condo prices also surged, rising 27% to $1.36 million, Compass said in a report. That was just below the […]
San Francisco house prices hit record $2.15 million on AI Read More »
The cost problem lenders can’t automate away Mortgage lenders have spent years investing in automation, yet one metric continues to resist improvement: cost per loan. New tools promise faster processing, better decisioning and improved borrower experiences. For many lenders, however, those gains have been offset by growing operational complexity that is harder to see but
For decades, mortgage underwriting has followed the same basic structure: verify income, review credit, apply ratios, and make a decision. The tools have improved. The thinking largely hasn’t. Automated systems like Desktop Underwriter and Loan Product Advisor can process loans faster than ever. But they still rely on a core assumption: if income can be
Verification first: Why mortgage lending must rethink income — and how it actually works Read More »