TD Bank Group’s AI team has built and deployed its first AI agent — a model that completes mortgage loan applications in minutes as opposed to the 15 hours it normally takes a human to process. Processing Content The new AI agent was deployed in January and mortgage loan officers have embraced it, he said. “If […]
TD’s new AI agent shaves 15 hours off mortgage decisions Read More »
MV Realty, the company that marketed a controversial homeownership benefits program that locked consumers into a relationship for 40 years, has now settled its legal matters with the California Attorney General’s office. Processing Content The deal follows agreements reached with officials in Nevada, Pennsylvania and North Carolina during April. Massachusetts entered into a settlement with
MV Realty to pay $2.5 million to California NTRAPS victims Read More »
Surging interest rates pushed housing affordability lower for the second straight month in April, but rising wages helped blunt the blow for mortgage borrowers, according to the Mortgage Bankers Association. Processing Content The median monthly payment on April’s purchase mortgage applications increased to $2,152 from $2,131 the previous month, with the latest number hitting its
Wage growth softens the sting of rising mortgage payments Read More »