Here are the most essential stories of the week, according to Inman readers
Here are the most essential stories of the week, according to Inman readers
Here are the most essential stories of the week, according to Inman readers
Rocket alleges UWM used broker incentives and AI-powered tools to solicit refinances
The all-stock deal to acquire parent of RoundPoint Mortgage Servicing would nearly double UWM's servicing portfolio to $400B, if it closes as expected in Q2 2026
As a sister company of Lakeview Loan Servicing, Guild would have an edge in contacting borrowers serviced by Lakeview if mortgage rates fall and homeowners rush to refinance
Mia, a generative AI loan officer assistant that UWM rolled out in May, has made more than 400,000 calls — often to alert past clients they can refinance their mortgage at lower rates
'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
While rival Rocket Mortgage seeks to boost refis by becoming largest US loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers
After turning a $198M Q2 profit, CEO Jay Bray says the loan servicing giant intends to 'hit the ground running' with integrated platform when it merges with Rocket Companies later this year
Although Rocket's plans to acquire Mr. Cooper and Redfin are structured as all-stock deals, assuming their debts will leave Rocket more highly leveraged, Fitch analysts say
Home loan giant boosts Q1 mortgage production by 7%, to $21.6B, and executives say plans to acquire Redfin and Mr. Cooper remain on track to close this year
Shares in Guild Holdings gain 10% as investors recognize $23.9M net loss for the quarter was driven by a $70M writedown in the fair value of Guild's mortgage servicing rights portfolio
Company founder Anthony Hsieh returns to executive leadership team, says investments in technology, connections to real estate agents and homebuilders will help lender scale
Executives put a positive spin on prospects for growth, with loan origination volume up 17% from a year ago to $32.4B, with refi boom helping drive 5% increase in revenue to $613.4M