All five of the publicly traded title insurance underwriters recorded higher net income year-over-year, or in Old Republic’s case, higher pretax operating income. But the reaction to those results by Keefe, Bruyette & Woods was a mixed bag. It was also a difficult spring home buying season this year as mortgage rates moved higher since […]
Title insurers report improved profits, volume in 2Q Read More »
Mortgage professionals broadly agree that artificial intelligence is about to reshape how they work. But a new industry report suggests that professionals who come out ahead won’t be the ones that master software the fastest. Rather, they will be the ones borrowers trust the most. Processing Content A recent survey of more than 300 mortgage
Survey: AI handles docs, LOs should own the relationship Read More »
Ellington Financial is approaching a deal to acquire a “small” servicer, with expectations of an agreement to come later this quarter. Processing Content The investment manager and parent company of reverse lender Longbridge Financial teased the pending acquisition in a second-quarter earnings call, noting any newly purchased assets would not necessarily have a noticeable impact
Ellington Financial nears servicer acquisition agreement Read More »