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New MISMO reference model includes reverse mortgages

HECM, HWmember, MISMO, Mortgage Bankers Association, Mortgage Cadence, Reverse, Technology, Underwriting /

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its reference model includes reverse mortgage features. On Tuesday, MISMO announced that the new version has […]

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Partner Real Estate unveils $5K model for agent support

HWmember, Real Estate, Real Estate Agents, Regulatory Compliance, Technology /

California-based Partner Real Estate has announced a new business model that offers real estate agents access to tools, coaching and operational infrastructure for less than $5,000 per year. “The industry is at a turning point,” CEO Rudy Lira Kusuma said. “Agents shouldn’t have to spend six figures to perform like a top producer. Our mission

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How AI is already transforming—and improving—the mortgage underwriting process

Artificial Intelligence, Contributors, HWmember, Mortgage, Opinion, Origination, Technology /

AI-based tools are now substantially reducing both the time and labor of routine mortgage processing. Traditional procedural steps—such as employment proofing, income verification, fraud detection and title checks—have long resulted in an unnecessarily lengthy time for a mortgage application’s approval.  But the potential benefits of the AI revolution in mortgage lending aren’t just speculation; they are

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Building an empire starts with your POS 

Artificial Intelligence, Contributors, HWmember, Mortgage, Opinion, Origination, Technology /

Millennial homebuyers (born between 1981 and 1996) are reshaping the real estate landscape with their strong preference for digital tools and technology-driven experiences. As the largest cohort of homebuyers in the U.S., their tech-first approach influences how properties are marketed, searched and purchased.  Here’s the hard truth. If these buyers are looking online for lenders

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DIY automation isn’t always a win: What mortgage lenders need to know

Contributors, HWmember, Mortgage, Opinion, Origination, Technology /

DIY automation pitfalls/myths: It’s time to rethink your strategy In today’s mortgage industry, nearly every organization is battling inefficiencies caused by manual processes. Whether it’s a loan officer pulling data from one system to enter it into another, or underwriting teams relying on endless email threads and spreadsheets, the day-to-day operations behind most lending workflows

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MetroList introduces voice-controlled property data app

California, HWmember, MLS, Real Estate, Real Estate Agents, Real Estate Listings, Technology /

MetroList, the largest MLS in Northern California, has rolled out a new “add/edit” voice-controlled app for real estate agents to collect and input property data directly from the field. The app, developed in partnership with real estate technology company Lundy Inc. — allows agents to speak property details aloud while walking through homes, with the

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Mortgage lenders lag on compliance as tech evolves rapidly

Artificial Intelligence, Compliance, Cybersecurity, HWmember, Mortgage, Technology /

Amid a surge in AI adoption and mounting cybersecurity threats, only 51% of nonbank mortgage lenders say they feel fully prepared to handle compliance risk — a warning sign in an industry that’s undergoing rapid digital transformation. That’s according to a new joint study from HFS Research and Cognizant. “Reinventing Non-Bank Mortgage Lending Journey in the Age of

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Lenders bet on e-notes as adoption ramps up

Capital markets, Secondary markets, Technology /

Widespread industry adoption of electronic promissory notes presents challenges but has steadily gained momentum over time as various aggregators sign on, and one is paying up for certain downpayment assistance loans using them. Western Alliance’s Amerihome, the largest bank-owned correspondent investor in the mortgage business, recently got on board with e-notes. Also Click n’ Close,

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New partnership helps banks flag fraud on Google

Cyber security, Fraud, Google, Technology /

Google has launched a joint effort with the Financial Services Information Sharing and Analysis Center, or FS-ISAC, that will combine the search giant’s threat detection capabilities with FS-ISAC’s network and intelligence sharing to prevent fraud within the financial sector. The program, announced Wednesday, is dubbed the Financial Services branch of Google’s Priority Flagger Program, according

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Brokerages are sleeping on AI: Here’s the playbook to wake them up

Agent, Artificial Intelligence, Contributors, HWmember, Opinion, Real Estate, Technology /

Let’s call it what it is: most brokerages are way behind on AI. Agents? They’re scrappy. They’re downloading ChatGPT apps, playing with Canva AI, and asking Midjourney to crank out listing flyers in 30 seconds flat. They’re moving fast because they have to. Meanwhile, broker-owners are still asking, “So… how exactly would we even use

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