Doma claims Upfront Title can saves borrowers 40% to 70% on title insurance and that in a trial run with Mr. Cooper the solution cut loan cycles by 3 days and saved borrowers hundreds of dollars
After months of beta testing, loanDepot's melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance
EXL, Corridor Platforms and Oliver Wyman are teaming up to help smaller lenders harness data analytics, artificial intelligence and the cloud for turnkey digital lending programs
Tool lets buyers apply for a mortgage through bank's app or website and will integrate with BoA's loan navigator
Agents can use the new service to find clients who have already been approved for mortgages
Consumers will have access to a 24/7 secure portal while lender can give accurate quotes, pricing, offers and pre-qualification letters in minutes