Underwriting processes will see the greatest transformation — and the biggest lift — from artificial intelligence this year, and the outcomes it produces should aid in instilling confidence among buyers and lenders. Processing Content In a recent National Mortgage News survey, 57% of respondents predicted AI-driven underwriting would create the greatest mortgage industry change this […]
AI hits underwriting: 57% of pros predict change Read More »
Pennymac struck a deal to buy Cenlar Capital Corp.’s subservicing business in a move that will boost its portfolio above a key benchmark and increase the nonbank concentration in the space. Processing Content The acquirer’s financial services company will pay $172.5 million upfront for Cenlar’s portfolio and operations with a $85 million contingent consideration, according
Pennymac to buy Cenlar’s subservicing business Read More »
You may have heard homeowners today have a lot of equity built up. But what does that really mean? Let’s break it down. Because your equity isn’t just a number, it’s a powerful asset that can help you take your next big step in life. How Much Equity Does the Typical Homeowner Have? Here’s how
Four Ways Your Home Equity Can Work for You Read More »