Technology

The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.

Better's home equity loan product can be originated in a week or less, the company says.

Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.

Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.

The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.

A multiyear agreement will enable Mphasis to use AWS platforms for modeling industry-use cases, especially concerning data extraction and document processing.

The move advances the Biden administration's interest in testing whether skipping a title insurance policy or an alternative for some mortgages would be a cost-saver.

His last day at Rocket will be on April 19, and the company said it is "well into its search" for its next technology leader.

Figure claims its lien and eNote registry is a "streamlined and markedly efficient alternative to manual assignments and conventional loan tracking databases."

The newly launched Rocket Logic platform can pull and analyze documents instantly, helping to shrink closing times by about 25%, the lender claims.