GO Mortgage is the latest mortgage lender to start a wholesale operation, but it is coming at it from a different point of view: The current way this business is done is not just inefficient; the model is broken. Processing Content “We didn’t have the burden of legacy, process, technology and people,” Jay Promisco, the […]
GO Mortgage wants to fix ‘broken’ wholesale business model Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now In January, the Trump Administration released a new executive order seeking to limit the role of large institutional investors in single-family homes and promote greater access to homes for families and local buyers.
The real fix for housing: Reform 1031s and HUD sales Read More »
After recently touting the cost savings it expects artificial intelligence to deliver, mortgage lender Newrez announced the launch of an AI-backed borrower-assistance tool within ChatGPT. Processing Content Dubbed Rezi Mortgage Assistant, the lender’s large language-model guide sits squarely within OpenAI’s generative chatbot platform. Output from the assistant is based on Newrez’s internal underwriting guidelines and
Newrez rolls out AI consumer-facing guide in ChatGPT Read More »