To increase already substantial market shares, nonbank mortgage companies are investing in proprietary technology for originations and servicing.

The company wants to help real estate agents become mortgage brokers and close loans with less overhead costs.

Loan originators want to see guidelines expanded for borrowers with variable sources of income.

FCC one-to-one consent rule vacated; CFPB details cash-out refi usage; RiskSpan launches MSR analytics offering; AI tool helps with mortgage applications in Spanish.

While electronic closings offer faster turn times, adoption of the technology comes with some complications. Still, the share of eNotes is expected to triple by 2028.

Economic uncertainty will require mortgage companies to be more flexible in how they scale their operations.

FCC warns scammers are successfully impersonating mortgage companies; Rocket begins first phase of rebrand; household growth expected to slow; MBA expands college program; Lower acquires technology vendor; MTC increases transparency on MSR valuations; Voxtur Analytics considering a sale; automated loan mod offering.

Lenders are planning to take a more hands-on approach in 2025 due to the purchase-heavy environment expected this year.

The quality control team at Fannie Mae identified “red flags” that could indicate borrowers have mischaracterized whether they’re seeking a mortgage for a primary residence or for a second home or investment property.

Regulators warn that there is no exemption in fair lending laws for advanced technology.