pros and cons of AI for real estate
'The reason that we are so obsessed with this technology is because it helps us with every single aspect of our business,' Rocket CEO Varun Krishna says in detailing how AI will power growth
by Matt Carter Oct 30
Evergreen Home Loans hiring to serve 29 additional states
After setting up shop in 11 new states, lender's 'strategic expansion into carefully identified markets' will include 18 additional states before next year's spring homebuying season
by Matt Carter Aug 25
Rocket seeing 'awesome early data' from Redfin acquisition
CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to 'cross pollination' of leads, agent referrals and mortgage applications
by Matt Carter Jul 31
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper's J.D. Power rankings have been subpar for more than a decade
by Matt Carter Jul 28
Government regulator lets BofA mortgage off the hook 3 years early
The 2023 order, aimed at ensuring collection of information about applicants' race, ethnicity, gender, wasn't scheduled to be lifted until 2028. Regulators say bank has fulfilled its obligations
by Matt Carter Jun 25
Fairway Independent Mortgage buys itself a new Midwest division
Fort Wayne, Indiana-based Hallmark Home Mortgage is licensed in 18 states. Company founder and CEO Deborah Sturges is joining Fairway Independent Mortgage as a division manager
by Matt Carter Jun 11
Keep your eye on these top 10 purchase lenders this year
The lenders who took the most market share in purchase mortgages in 2020 are best prepared to dominate lending in 2021
by Kelsey Ramírez Apr 14
Top lenders
Home Mortgage Disclosure Act data reveals a growth surge across mortgage lending, with one lender's volume increasing more than 340% from the year prior
by Kelsey Ramírez Apr 12