‘Modern-day redlining:’ Wells Fargo faces scrutiny over Black refi stats
The lender says credit scores, home appraisals and broader inequities in the U.S. economy explain the higher approval rates for white borrowers
by Matt Carter Mar 21
Capacity snags $38M to automate mortgage helpdesk support
Company claims its AI-powered platform can answer more than 90% of questions posed by mortgage borrowers without human intervention
by Matt Carter Jan 22
The biggest mortgage, lending and housing finance stories of 2021
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry
by Matt Carter Dec 29
Senso uses artificial intelligence to help lenders identify homebuyers
Senso Engage provides mortgage prospects with personalized listings prioritized by neighborhood and affordability
by Matt Carter Dec 14
Maxwell aims to help small lenders simplify mortgage document review
Maxwell Processor Edge uses machine learning to help loan processors tackle more work while also cutting loan approval times
by Matt Carter Dec 9
Guaranty Home Mortgage Corp. to automate doc processing with AI
Mortgage lenders seeking economies of scale are automating much of the loan application and underwriting process
by Matt Carter Nov 16
FairPlay lands $4.5M seed round to help lenders combat racial bias
APIs are designed to help lenders discover bias in algorithms and take a second look at rejected applicants
by Matt Carter Nov 15
Are 15-minute mortgage loan approvals the future?
United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage approval in minutes
by Matt Carter Sep 27
Ocrolus valued at $500M after raising $80M Series C round
The document automation platform is staffing up its machine learning and data science teams in the wake of the new funding round, which was led by Fin VC
by Matt Carter Sep 27
Notarize and Snapdocs team up on digital closings
Partnership will make Notarize remote notaries accessible from within Snapdocs platform
by Jim Dalrymple II Sep 9
Automation comes to appraisal management
AppraisalWorks now provides quote management tools and automates electronic payments to appraisers — features that can cut costs, speed up turn times and improve transparency
by Matt Carter Aug 24
First American providing same-day title decisions on eligible mortgage refis, home equity loans
Taking a page from the playbook of a fintech upstart, the nation's largest title insurance underwriter is making an automated title decision engine available to title agents
by Matt Carter Aug 12
AI-based real estate startup Localize raises $25M
Company provides buyers with information on hundreds of building and neighborhood attributes and helps brokers cultivate and qualify leads
Google rolls out AI platform for mortgage lenders
Google Cloud introduced Lending DocAI in preview mode last fall with Roostify, a provider of digital mortgage solutions to lenders, on board as a strategic partner
by Matt Carter Apr 21
Zumper employs artificial intelligence for rental leads
PowerLeads AI will analyze renter behaviors in order to predict the likelihood of a particular renter signing a lease for a specific apartment
by Lillian Dickerson Mar 11