The owner of NEXA Lending has found a compliant way to give the company’s mortgage originators a financial incentive aligned with the long-term value of the mortgage servicing rights they create. Processing Content It will also provide its loan officers with business intelligence about those MSRs. Mike Kortas, head of NEXA Mike Kortas is in […]
How NEXA created a servicing-based incentive for LOs Read More »
San Francisco’s median house price jumped to a record $2.15 million in March, up 18% from a year earlier as wealth generated by artificial intelligence startups flooded the city, according to brokerage Compass Inc. Processing Content Condo prices also surged, rising 27% to $1.36 million, Compass said in a report. That was just below the
San Francisco house prices hit record $2.15 million on AI Read More »
The cost problem lenders can’t automate away Mortgage lenders have spent years investing in automation, yet one metric continues to resist improvement: cost per loan. New tools promise faster processing, better decisioning and improved borrower experiences. For many lenders, however, those gains have been offset by growing operational complexity that is harder to see but