Technology

Mellohome's website, the MyLoandepot customer portal and the HELOC portal have been rebooted following the cyber attack, the lender and servicer said.

The lender didn't reveal whether the incident was related to a purported ransomware gang attack last March.

In a new filing with the Securities and Exchange Commission, the company attributed delayed transactions, loss of business to other providers and one-time expenses to reduced revenue but expected a limited effect on financial health.

Most of the legal filings accuse the title insurer and its subsidiary, LoanCare, of failing to protect the personal identifiable information of customers.

The company took on the established vendors with its LOS. It's now officially starting to fulfill its longtime plan to do something similar with servicing tech.

Its broker channel will soon have access to a generative voice tool, allowing originators to update approval letters on the go.

Gravy Technologies offers a consumer-facing app, along with a white-label service for mortgage lenders aimed at accelerating their marketing efforts.

The bot, named Cooper AI, can answer questions regarding FHA and VA guidelines.

The lender had taken certain systems offline and was working to restore business operations as of Monday morning.

Those who establish a history of paying for housing may be able to buy and live in property with rental income, but there are risks to the emerging strategy.