Homebuyers and sellers are beginning to treat ChatGPT and other large language models (LLMs) like a genie in a bottle. They often trust AI recommendations implicitly because the suggestions are the result of personalized, deep-diving research and an authoritative verification process. The phenomenon is ramping so quickly that agents are losing leads they’ve nurtured for […]
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A new class action lawsuit claims Santander Bank made millions of dollars by overcharging borrowers on their home equity line of credit loans. Processing Content Brooklyn residents Mark and Devorah Smilow sued the lender last week in a New York federal court, seeking to certify a class of aggrieved HELOC borrowers spanning back to 2013.
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Synergy One Lending, a division of American Pacific Mortgage (APM), will assume control of Newrez’s distributed retail mortgage business under a new strategic agreement announced Wednesday, extending an existing partnership and reshaping both lenders’ retail strategies. The agreement — which is not considered to be a merger or acquisition — moves Newrez’s distributed retail operations
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