Robert “Bob” Murphy Jr., considered to be a pioneer in the growth of appraisal management companies, died on July 8. He was 83 years old, according to an online obituary. Processing Content Murphy was the co-founder of Lenders Service Inc., a forerunner of today’s ServiceLink, and a company which was considered to be the first […]
Bob Murphy, appraisal management company pioneer, dies Read More »
A minority shareholder at LoanDepot has called for the company to rethink its management and consider courting acquirers, citing concerns around a long period in which it has traded just above $1 per share. Processing Content Randian Capital also specifically recommended a new approach to the company’s mortgage servicing rights portfolio, which the company reported
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Artificial intelligence was a theme of Bank of America’s second-quarter earnings call, with executives attributing revenue and efficiency improvements to the technology. Processing Content CEO Brian Moynihan said employees are generating more than 400,000 prompts a day and the bank has approved more than 300 AI use cases, “all of which have good economics.” AI
Bank of America’s Moynihan touts ‘good economics’ of AI Read More »