Fitch Predicts Limited Near-Term AI Impact on Mortgage and Title Insurers.
Fitch's AI stress test finds limited disruption for mortgage/title insurers, highlighting cybersecurity, privacy and counterparty risks for private lenders.
Valon secures $150M at $2.3B valuation amid servicing tech competition.
Valon raised $150M Series D at $2.3B valuation; one in six U.S. mortgages is contracted on ValonOS - practical servicing implications for private lenders.
Vishal Garg Regains Control of Better’s Board After 52.02% Vote
Private lenders: Better’s founder Vishal Garg regained board control after a 52.02% shareholder vote, triggering a governance reset and oversight shiftsUS.
Upstate New York is defying the national housing slowdown.
Planned technology development in upper New York is poised to reshape the local housing market by drawing a fresh wave of buyers attracted to new employment and higher wages. Expect increased demand for single-family homes and higher-end condominiums in well-connected neighborhoods, resulting in accelerated [...]
Warren says FHFA obstructs GAO probe into Pulte’s mortgage-fraud referrals.
Sen. Warren alleges FHFA is withholding GAO-requested records in probe of Director Bill Pulte's mortgage-fraud referrals; FHFA disputes obstruction. Probe?
Rocket Pro introduces Orbit Broker Rewards and extends Compass Credit.
Rocket Pro introduces Orbit, a nationwide broker rewards program tying production and loan performance, and extends its Compass 20bp pricing credit. Today.
Better advances the sale of Birmingham Bank to a consortium.
Better projects its pro forma cash position will rise to roughly $140 million if the pending transaction closes, based on its most recently reported balances. That conditional estimate, presented as a forward-looking snapshot, would materially strengthen the firm’s immediate liquidity and provide a larger [...]
Polly announces PollyOS for mortgage pricing, hedging, and trading.
A new integrated platform is positioning itself to reshape origination and secondary-market workflows by bringing pricing and eligibility together with a hedging capability and a reintroduced loan trading venue. By collapsing decisioning and pricing into a single workflow, the platform promises to reduce pricing [...]
Cold call cost-per-deal benchmarks omit key calculations.
Evaluate lead programs by cost per closed loan rather than salary or dialer fees; focus on acquisition efficiency, conversion rates and true cost-to-close.
June Point Lending expands DSCR loans in California.
A wholesale non‑QM lender has expanded its product set by offering DSCR loans across 19 states, bringing debt‑service‑coverage‑ratio qualification into a broader wholesale channel. The move provides mortgage brokers with access to an asset‑performance underwriting tool that measures property cash flow rather than traditional [...]