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Mortgage insurers will be required to keep a larger safety net for mortgages originated using VantageScore 4.0 than for comparable loans using Classic FICO, according to new guidance from the government-sponsored enterprises (GSEs). In late July, Fannie Mae and Freddie Mac published a new grid for their Private Mortgage Insurer Eligibility Requirements (PMIERs) that, for […]

Mortgage lenders that adopt artificial intelligence should focus first on the business problems they’re trying to solve rather than chasing the latest technology, according to panelists who spoke Tuesday at HousingWire’s AI Summit. Amanda Tucker, chief risk and compliance officer at Atlantic Bay Mortgage Group, and Michael Crockett, chief operating officer at Xactus, said the

The traditional path to homeownership — from portal search to real estate agent to loan officer — is being rapidly rewired by artificial intelligence (AI), and the industry’s biggest players want to be first through the new front door. That was the central theme of a packed session Tuesday at HousingWire‘s AI Summit in Dallas,