Technology

Technology innovation and integrations. Company updates to client services, as well as strategic vendor moves.

ARTICLES

  • AI company Lower launches to help loan originators – not replace them

    Company uses AI to aid homebuyers to make clearer mortgage decisions
    A new company, Lower, announced it has launched operations and is seeking to leverage artificial intelligence to help homebuyers make "smarter mortgage decisions" by improving the online mortgage process to assure homebuyers that the mortgage they are getting is the best one possible.
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  • Zillow to begin buying houses in California, North Carolina

    Expands direct buyer business to Riverside, California and Charlotte, North Carolina
    It seems to be all about expansion these days for Zillow. The online real estate giant recently got into the mortgage business with its acquisition of Mortgage Lenders of America. Zillow has also been growing its direct buyer business, Zillow Offers, wherein the company is buying houses directly from sellers then lists the home for sale. And the company will soon be buying houses in California and North Carolina.
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  • Fintech company Plaid raises $250 million, valued at $2.65 billion

    New investors include Mary Meeker and Andreessen Horowitz
    There’s a new unicorn in the fintech space, as Plaid announced this week that it raised $250 million in its Series C funding round at a reported valuation of $2.65 billion. Plaid, a technology platform that connects various applications with users’ bank accounts, has a growing presence in the mortgage space. And now, the company plans to grow exponentially thanks to a massive new capital injection.
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  • The evolving role of chief compliance officers in selecting technology and vendors

    Digital food for thought
    [Expert commentary] The digital mortgage promise is compelling: new technology and better workflow to meet all needs and requirements — all built for compliance and protecting participants from unnecessary risk but it's not guaranteed. As technology is evaluated and implemented, chief compliance officers must have a seat at the table.
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  • Airbnb settles with Aimco after being accused of allowing illegal short-term rentals

    Landlord claimed Airbnb was encouraging residents to violate their leases
    The legal battle between Airbnb and the Apartment Investment and Management Company over Aimco’s claims that Airbnb was encouraging residents to violate their leases by renting out their apartments on the short-term rental platform is now over. And everyone appears to be pleased.
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  • NAMB launches origination system for mortgage brokers

    NAMB All-In helps mortgage brokers manage incoming applications and more
    The National Association of Mortgage Brokers platform enables mortgage brokers to connect with wholesale lenders. Using Calyx Software, borrowers will be able to initiate loan applications and begin the asset verification process.
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  • HUD Inspector General: Department has serious management challenges

    Report says problems plaguing the agency are costing taxpayers millions
    The Department of Housing and Urban Development is facing serious management challenges that are causing longstanding performance and accountability issues. An annual report released by HUD's Office of Inspector General outlines the top six management challenges facing the agency in 2019, and the details aren’t pretty.
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