Survey: AI handles docs, LOs should own the relationship

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 […]

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Ellington Financial nears servicer acquisition agreement

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

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Dream Finders finally buys Beazer, cites mortgage benefits

After months of trying, Dream Finders Homes finally acquired Beazer Homes, creating a larger pool for its mortgage business. Processing Content Dream Finders entered a definitive agreement to buy Beazer in an all-cash transaction for about $2.2 billion, the companies announced in a press release Friday. Beazer shareholders will receive $33.50 in cash for each

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