Vishal Garg predicts Better’s AI may underwrite 75% of mortgages soon.
Better’s CEO announced that 40% of its current mortgages are underwritten by AI via the Tinman platform, showcasing a significant shift in mortgage processing.
Mortgage Applications Decline After Sustained Period of Increase
Purchase application volume has increased by 6% year-over-year, indicating a potential uptick in demand, according to MBA's chief economist Mike Fratantoni.
Better’s Efficiency Focus Results in Revenue Growth and Reduced Net Loss
Better’s earnings release highlights growth and a strategy to diversify offerings while leveraging Tinman to enhance local loan officer capabilities.
Chad Smith Discusses Remarkable Advances in Technology for COOs
Chad Smith, president and COO of Better Mortgage, discusses leveraging technology and strategic business approaches to address the evolving needs of private lenders.
Collaboration Among Realtors in a Challenging Market Environment
"Navigating urgent client requests amidst travel can be challenging for private lenders. Discover strategies to manage time effectively while ensuring client satisfaction."
An Assessment of the Reverse Mortgage Industry’s Current Status
Reverse mortgage lenders are adjusting strategies as early business activity remains steady. Insights into market trends and opportunities for private lenders.
An Analysis of Issues Faced by Redfin in the Mortgage Sector
Redfin aimed to reshape real estate, but in a volatile housing market, its unique innovations may have led to its decline as an independent entity.
Single-Family Housing Starts Increase by 11.4%
Single-family housing completions have increased to 1.06 million, reflecting a significant rise in construction activity, offering insights for private lenders.
Compass urges MLSs to revise CCP to mitigate legal risks.
Compass CEO Robert Reffkin criticizes the NAR's Clear Cooperation Policy, sparking debate within the real estate industry and raising questions for private lenders.
Mortgage Rates Remain Steady Amid Deteriorating Economic Outlook
Conforming mortgage rates remain steady, with 30-year rates at 6.79% and 15-year rates rising to 6.58%, impacting lending strategies and market dynamics.