Author name: Ricky Vasquez

Michael Drayne, senior vice president of capital markets, Housing Policy Council

Standardized tech could reduce $200 million mortgage collateral costs

Now that use of artificial intelligence is closer to critical mass, industry collaboration could help remove considerable costs related to moving data from physical collateral documents as mortgage assets trade, according to the Housing Policy Council. Processing Content HPC estimates that the lack of advanced technology for exchanging collateral data from documents costs the market […]

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Better, Coinbase make token-backed mortgages broadly available

Better Mortgage and Coinbase have moved their token-backed, conforming mortgage into general availability and are extending a lender-funded closing cost credit of up to $10,000 to eligible Coinbase One members across Better’s mortgage, home equity line of credit (HELOC) and refinance products. The companies said the loans will be originated and serviced by Better and

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