Underwriting

Blend, after Title365 sale, expands partnership with Doma

MARKETING TO BORROWERS, Mortgage technology, Originations, Underwriting / Ricky Vasquez

A little more than a month after it agreed to sell all of Title365 to Covius Services, Blend Labs is entering into “an expanded partnership” with Doma to use its artificial intelligence-powered instant decisioning technology. “This partnership with Doma reinforces our core focus: delivering innovative, software-driven solutions that create real value for our customers,” said […]

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FICO challenges FHFA’s VantageScore decision

Credit scores, Originations, Politics and policy, Secondary markets, Underwriting / Ricky Vasquez

The FHFA’s nod to VantageScore 4.0 — and silence on FICO’s rival 10T model in a recent X post — has reignited a bitter fight over the future of mortgage credit scoring. A B of A Global Research report dated July 11 on the agency RMBS market pointed to the imprecise language in the post

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Longbridge COO Bill Packer on how technology is influencing workflows

Artificial Intelligence, HWmember, Longbridge Financial, Reverse, Technology, Underwriting / Ricky Vasquez

Editor in Chief Sarah Wheeler sat down with Bill Packer, chief operating officer at Longbridge Financial, to talk about the ways his company is using AI to serve reverse mortgage borrowers. Packer has worked in the consumer lending space for four decades, with deep expertise in technology and operations. This interview has been edited for

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MISMO adds 40 definitions of fee charges to reference guide

LOAN PRODUCTS, Mortgage technology, Originations, Secondary markets, Underwriting / Ricky Vasquez

The Mortgage Industry Standards Maintenance Organization has added over 40 standardized fee names to a dictionary it created and is seeking public comment on the revisions. The 30-day public comment period on those updates runs through Aug. 7. “MISMO developed this guide to promote the uniform usage of fee names and descriptions for the purpose

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Michael Campbell joins Title Resources Group as Michigan underwriting counsel

HWmember, Michigan, People Movers, Team Leaders, Title, Title insurance, Underwriting / Ricky Vasquez

Title Resources Group (TRG) has named Michael Campbell as a vice president and underwriting counsel for Michigan. In this role, Campbell will support TRG’s title agents and escrow officers across Michigan and the broader Midwest. “Michael’s diverse title agency and underwriting background in high-volume and boutique shops gives him the broad experience needed to solve

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Fannie, Freddie add VantageScore, keep tri-merge

Credit scores, Politics and policy, Secondary markets, Underwriting / Ricky Vasquez

The conservator and regulator of two influential government-related mortgage investors has announced a credit score other than FICO’s “classic” metric can be used when submitting loans to them. Effective immediately, Fannie Mae and Freddie Mac will allow lenders to use VantageScore 4.0, Bill Pulte said in an X post referencing one of two advanced credit

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FHA seeks input on buy now, pay later lending

Debt, FHA, FHA loan, Government Lending, HUD, HWmember, LendingLife, Mortgage, Regulatory, Underwriting / Ricky Vasquez

The Federal Housing Administration (FHA) has opened a request for information on buy now, pay later (BNPL) lending as it seeks to understand its implications for housing affordability and stability. Comments are due by Aug. 25. These installment loans — often referred to as “phantom debt” — gained popularity during the COVID-19 pandemic, particularly among

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Fannie updates AML rules, Freddie adds a buydown option

Fannie Mae, Freddie Mac, Originations, Secondary markets, Underwriting / Ricky Vasquez

The larger of two influential government-related mortgage buyers has made clear that even non depository mortgage companies not governed by the Bank Secrecy Act still have certain anti-money laundering responsibilities. “If a seller/servicer is not subject to the BSA’s AML provisions, it must establish a suspicious activity identification program,” Fannie Mae said in a bulletin,

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Former First American Title co-president joins TRG as CEO

CAREER & COMPENSATION, Career moves, Originations, Underwriting / Ricky Vasquez

Kevin Wall, who abruptly departed First American as co-president of its title underwriter one week ago, has a new job: CEO of Title Resources Group. Current CEO J. Scott McCall is becoming the privately held company’s vice chairman. The changes become effective July 28. Kevin Wall is the new CEO of Title Resources Group. Last

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Dark Matter offers Empower integration with appraisal portal

Appraisals, Data integration, Mortgage technology, Originations, Servicing, Underwriting / Ricky Vasquez

Dark Matter Technologies, which operates the Empower loan origination system, has created an integration with the Uniform Collateral Data Portal maintained by the government-sponsored enterprises. This makes the company “an early adopter” in supporting the Uniform Appraisal Dataset 3.6 and the Forms Redesign initiative, a press release said. On June 10, the Mortgage Industry Standards

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Blend, after Title365 sale, expands partnership with Doma

FICO challenges FHFA’s VantageScore decision

Longbridge COO Bill Packer on how technology is influencing workflows

MISMO adds 40 definitions of fee charges to reference guide

Michael Campbell joins Title Resources Group as Michigan underwriting counsel

Fannie, Freddie add VantageScore, keep tri-merge

FHA seeks input on buy now, pay later lending

Fannie updates AML rules, Freddie adds a buydown option

Former First American Title co-president joins TRG as CEO

Dark Matter offers Empower integration with appraisal portal

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