Search Results for: homeowners

Rocket Companies Introduces Rocket Logic AI Platform to Make Homeownership Faster and Easier
Mortgage News

Rocket Companies Introduces Rocket Logic AI Platform to Make Homeownership Faster and Easier

PR Newswire
by PR Newswire0
This platform makes the mortgage process more efficient by combining insights from more than 10 petabytes of proprietary data and 50 million annual call transcripts with state-of-the-art deep learning and generative AI systems, allowing Rocket Mortgage to close more loans faster. Rocket Mortgage, America’s largest retail mortgage lender and a......
Citizens Trust Bank Launches a Down Payment Assistance Grant Offering $2,000 Towards Closing Costs, Opening Homeownership to More Borrowers
Digital Payments News

Citizens Trust Bank Launches a Down Payment Assistance Grant Offering $2,000 Towards Closing Costs, Opening Homeownership to More Borrowers

PR Newswire
by PR Newswire0
This funding will be used to help households with a maximum of $2,000 grant contribution at the residential mortgage loan closing. Citizens Trust Bank Residential Mortgage Division announced its Down Payment Assistance Grant Program to allow eligible homebuyers to overcome the financial barrier of making a substantial down payment when......
Alkami Partners with Chimney to Deliver Insights to Homeowners Within Its Digital Banking Solution
Banking News

Alkami Partners with Chimney to Deliver Insights to Homeowners Within Its Digital Banking Solution

PR Newswire
by PR Newswire0
Account holders can now track their home value, see available equity, and access personalized offers within their digital banking platform Alkami Technology, a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced that it has partnered with Chimney, a fintech transforming how financial institutions use property data. Through this......
Rocket Homes Launches First AI-Driven Apple CarPlay Feature to Fuel Homeownership
Artificial Intelligence News

Rocket Homes Launches First AI-Driven Apple CarPlay Feature to Fuel Homeownership

PR Newswire
by PR Newswire0
Rocket Homes now shows nearby homes for sale on the car screen through Apple CarPlay. Rocket Homes, a tech-based real estate service provider and part of Rocket Companies, announced its iOS app is now available on car, truck and SUV infotainment screens through Apple CarPlay – turning the everyday commute into......
Fintech Venture Aims to Revolutionize Access to Homeownership
Fintech News

Fintech Venture Aims to Revolutionize Access to Homeownership

PR Newswire
by PR Newswire0
ORO Impact Launches Innovative Down Payment Assistance Platform to Unlock $9 Trillion of Wealth for American Families ORO Impact, a social impact fintech company, has launched a revolutionary down payment assistance (DPA) platform that aims to transform homeownership throughout the United States. ORO Impact’s customizable platform makes it easy for employers to make loans to......
New Research on AI in Mortgage Finance Identifies Opportunities to Advance Racial Equity in Homeownership, Pitfalls to Avoid
Mortgage News

New Research on AI in Mortgage Finance Identifies Opportunities to Advance Racial Equity in Homeownership, Pitfalls to Avoid

GlobeNewswire
by GlobeNewswire0
FHLBank San Francisco and Urban Institute collaboration delves into evolving role of AI in mortgage finance industry, issues recommendations for pursuing equitable outcomes The Black-white homeownership gap is wider than it was in 1960, sitting at nearly 30 percentage points, and the rapid adoption of Artificial Intelligence (AI) puts the......
Fay Servicing, SpringFour Partnership Helps Homeowners Overcome Financial Hurdles
Mortgage News

Fay Servicing, SpringFour Partnership Helps Homeowners Overcome Financial Hurdles

PR Newswire
by PR Newswire0
10-year relationship provides free assistance to borrowers who are financially stretched by inflation, student debt and other expenses  Fay Servicing, a full-service mortgage company servicing loans for more than 150,000 U.S. homeowners, recently celebrated the 10th anniversary of its  partnership with SpringFour, a social impact fintech platform which provides thousands of financial......
CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize
Consumer protection laws Digital Payments News

CFPB Takes Action Against ACI for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize

Fintech News Desk
by Fintech News Desk0
ACI will pay a $25 million penalty for data handling practices that negatively impacted nearly 500,000 homeowners whose mortgages were serviced by Mr. Cooper The Consumer Financial Protection Bureau (CFPB) issued an order against ACI Worldwide and one of its subsidiaries, ACI Payments, for improperly initiating approximately $2.3 billion in......
Anyone.com Revolutionizes Mortgage Model, Expanding Homeownership Opportunities
Mortgage News

Anyone.com Revolutionizes Mortgage Model, Expanding Homeownership Opportunities

PR Newswire
by PR Newswire0
In response to the global housing affordability crisis, Anyone.com unveiled a groundbreaking solution that aims to redefine the future of the housing market: The Anyone Mortgage. This novel model, designed to bridge the ever-widening gap between income stagnation and skyrocketing house prices, promises to make homeownership accessible again, especially for......
Banking Fintech Mortgage News

Homeowners Are Protected From “Zombie Mortgages” By New CFPB Regulations

Fintech Staff Writer
by Fintech Staff Writer0
What is “Zombie Second Mortgage”? The origin of these “zombie” mortgages may be traced back to “piggyback” mortgages, when a mortgage, also known as a “80/20 loan,” consisted of a first lien loan for 80% of the home’s value and a second lien loan for the remaining 20%. The second......
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