The agency has finally put a date on one of the biggest changes to FHA mortgage credit scoring in decades. Beginning Jan. 1, lenders will be able to use VantageScore 4.0 and FICO Score 10T alongside Classic FICO for eligible FHA loans, but the implementation rules...
Mortgage professionals seeking new access to one of the Federal Housing Administration’s most important technology systems will soon have to prove they are who they say they are—and that will include submitting a selfie. Beginning September 14, new users of FHA...
Mortgage lenders that operate both retail and wholesale channels have long faced a technology problem that has little to do with originating the loan itself: the two sides of the business often don’t run through the same front door. nCino is trying to change...
Property valuation has always been one of the stranger parts of the mortgage transaction for consumers. A buyer can negotiate a purchase price with a seller, provide months of financial documentation to a lender and get all the way through underwriting only to have...
Parsippany, New Jersey-based American Financial Resources, which does business as eLEND, announced that it is bringing artificial intelligence (AI) into the renovation mortgage process through a new partnership with Ready4Remodel, giving mortgage brokers and borrowers...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
