As lenders weigh how to adopt artificial intelligence under evolving fair lending and compliance expectations, Copperlane is pitching a full-fledged AI “employee” rather than another point solution. The startup, founded by 21-year-olds Athan Zhang and Brianna Lin, recently raised a $4.1 million seed round to build Penny, which the company describes as an autonomous AI […]

Los Angeles-based Ascent Developer Solutions, a lender that provides financing solutions to single-family and multifamily developers and investors, announced on Monday that it will expand into New England.  According to the announcement, the company opened a Boston-area office and hired senior executives to lead its expansion across New England, a move the company says advances

The bad news: mortgage rates didn’t fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: rates had already begun pricing in the peace deal last Thursday and it only took a modest improvement for the average lender to match the lowest level in exactly