Category : Mortgage

Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI
Lending Mortgage News

Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI

PR Newswire
by PR Newswire0
The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimising errors for brokers. Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation......
Ardley Breaks New Ground with Autopilot, Delivering Instant Conditional Loan Approvals for Qualified Borrowers
Mortgage News

Ardley Breaks New Ground with Autopilot, Delivering Instant Conditional Loan Approvals for Qualified Borrowers

PR Newswire
by PR Newswire0
By combining instant conditional loan approvals with hyper-personalised loan offers generated through the Ardley platform, Autopilot enables mortgage lenders and servicers to maximise deal opportunities in any rate environment while avoiding the typical sensitivity and scalability challenges associated with interest rate volatility. Ardley Technologies, a leading provider of mortgage technology......
New Survey Finds Significant Lack of Understanding of Mortgage Escrow Accounts and Raises Concerns Over Expected Increases
Mortgage News

New Survey Finds Significant Lack of Understanding of Mortgage Escrow Accounts and Raises Concerns Over Expected Increases

PR Newswire
by PR Newswire0
Nearly half of respondents say they don’t understand how Escrow accounts work and would be unable to pay if their monthly mortgage payment increased by 25% due to rising taxes and insurance rates. A new survey from LERETA, a leading national provider of real estate tax and flood services for mortgage......
Mortgage Rate Optimism Hits Survey High
Mortgage News

Mortgage Rate Optimism Hits Survey High

PR Newswire
by PR Newswire0
Consumer sentiment toward housing at highest level in nearly two years. The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 3.5 points in January to 70.7, its highest level since March 2022, due primarily to increased consumer confidence in job security and another significant jump in the share of consumers expecting mortgage......
A Startling 85% of Homebuyers in Texas Overpay for Their Mortgage Rate
Lending Mortgage News

A Startling 85% of Homebuyers in Texas Overpay for Their Mortgage Rate

PR Newswire
by PR Newswire0
Competitive Home Lending is committed to increasing awareness that could save the average homebuyer thousands of dollars on their home loan. The top ten mortgage lenders make up over 47% of the market share. Aside from excellent customer service and great mortgage loan programs, these leading companies extend lower wholesale......
Matic Partners With Paramount Residential Mortgage Group
InsurTech Mortgage News

Matic Partners With Paramount Residential Mortgage Group

Fintech News Desk
by Fintech News Desk0
Matic to enhance property & casualty insurance offerings for PRMG customers By Global FinTech Series News Desk  Matic, a digital insurtech platform, and Paramount Residential Mortgage Group (PRMG), a national mortgage lender, announced an exclusive partnership to offer Property & Casualty (P&C) insurance products to PRMG customers.  The partnership will......
INB Now Offering $6,000 in Downpayment Assistance for Homebuyers
Mortgage News

INB Now Offering $6,000 in Downpayment Assistance for Homebuyers

PR Newswire
by PR Newswire0
INB, N.A. mortgage lenders can provide Illinois homebuyers with up to $6,000 to help them purchase a new home. The program, IHDAccess Forgivable, assists borrowers who qualify for a loan, but may not have enough funds to cover downpayment and closing costs due to student loans or other burdens. Administered by the Illinois......
Union Home Mortgage Announces Details of Twin Cities Branch Ribbon Cutting
Mortgage News

Union Home Mortgage Announces Details of Twin Cities Branch Ribbon Cutting

PR Newswire
by PR Newswire0
The Plymouth location serves the bustling west metro region Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, announced the details of a ribbon cutting event in celebration of a partnership between its west Minneapolis branch and the local Wayzata Chamber of Commerce. The event will occur at 4pm on December 4th at the......
Infosys and Better Collaborate to Offer Mortgage as a Service
Mortgage News

Infosys and Better Collaborate to Offer Mortgage as a Service

PR Newswire
by PR Newswire0
An integrated technology & operations white-labelled AI-driven platform to help banks and credit unions provide their customers seamless digital mortgage and home equity loan experiences Infosys, a global leader in next-generation digital services and consulting, announced a collaboration with Better Home & Finance Holding Company, a leading digital-first homeownership company,......
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......
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