Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Awards

2020 HW Tech100 Mortgage winner: Black Knight

AIVA uses machine learning to improve mortgage originations

Black Knight’s AIVA is a state-of-the-art solution that leverages machine learning to help lenders tackle repetitive and manual tasks, freeing up employees to focus on high-value projects and interactions. She is always learning new skills, and the more she works, the faster and more advanced she becomes. AIVA uses machine learning to perform repetitive tasks associated with the mortgage origination process. AIVA can currently read and classify over 325 different types of documents, and this number grows each day as she works with industry-leading lenders.

  • AIVA significantly drives down the cost of origination for lenders – as much as $437 per loan using just a limited number of skills.
  • AIVA produces significant indirect impacts, including reduced error rates, increased loan quality and improved data consistency.
  • AIVA can perform the following manual tasks associated with origination: ordering tax transcripts and other assets, pre-approving and pre-qualifying borrowers, compiling loans into an indexed file, verifying insurance data, and reviewing assets and appraisals.

www.blackknightinc.com

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

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