The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

In a purchase market, rookie LOs may struggle

Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they'll have to sing for their supper.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

With a rise in natural disasters, including wildfires, hurricanes, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

Fintech

AI has not made an impact in construction, yet

The results are underwhelming

This year saw a shortage of housing inventory among other shortages in the construction industry, but it appears homebuilders are beginning to move towards utilizing new technology to address these issues.

According to the National Association of Home Builders, 3D printing and robots have entered the housing construction market, but AI is far less common.

In the NAHB/Wells Fargo Housing Market Index and NAHB Remodeling Market Index, it was revealed that trusses are the most common type of construction technology used. Over 70% of builders and remodelers use roof trusses, and over 50% of builders and remodelers use floor trusses.

According to the surveys, 1% of builders and remodelers reported using 3D printed forms. And 0% of both builders and remodelers reported using digital tilt sensors, wearable devices to monitor construction workers, automated bricklaying machines or other robots.

With 3D printing, lightweight molds are created, taken to construction sites and filled with concrete to add detail to a structure.

Meanwhile, 13% of single-family builders use prefabricated wall panels, and 9% each use dust-free masonry tools, other prefabricated components, and geo-fencing, a perimeter established digitally, for example to keep construction tasks within safe boundaries. 

Most of these technologies are used less often by remodelers. Some of the technologies, such as prefabricated wall panels, are not relevant for all types of remodeling jobs.

But, 18% of remodelers report using dust-free masonry tools, which are twice the share for single-family builders and the highest percentage for any of the listed items outside of trusses. 

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3d rendering of a row of luxury townhouses along a street

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