Mortgage lenders slow to deploy AI, despite being a priority

Most mortgage lenders rate artificial intelligence implementation as one of their top priorities for the rest of the year, yet are still moving slowly. Processing Content More than 80% of lenders are evaluating AI tools across their businesses, but just 17% have deployed the technology in live production workflows, according to The Mortgage Collaborative’s June […]

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FHA proposes test of new partial claim alternative

The Federal Housing Administration is floating the idea of working collaboratively with servicers to explore offering a new type of partial claim that is more similar to Fannie Mae and Freddie Mac’s equivalent. Processing Content Although the use of this type of distressed borrower assistance has become less prominent as the FHA has transitioned away

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