In the heat of the homebuying season, multiple companies in the mortgage industry are rolling out new products to stand out from competitors. Processing Content LoanDepot partnered with Figure last month to launch a five-minute loan product. Finance of America released a new reverse mortgage line of credit product. And Figure teamed up with Credibly […]
Mortgage tech roundup: New tools for lenders and brokers Read More »
TD Bank Group’s AI team has built and deployed its first AI agent — a model that completes mortgage loan applications in minutes as opposed to the 15 hours it normally takes a human to process. Processing Content The new AI agent was deployed in January and mortgage loan officers have embraced it, he said. “If
TD’s new AI agent shaves 15 hours off mortgage decisions Read More »
MV Realty, the company that marketed a controversial homeownership benefits program that locked consumers into a relationship for 40 years, has now settled its legal matters with the California Attorney General’s office. Processing Content The deal follows agreements reached with officials in Nevada, Pennsylvania and North Carolina during April. Massachusetts entered into a settlement with
MV Realty to pay $2.5 million to California NTRAPS victims Read More »