Lenders surveyed by Altisource cited technology as one of their biggest challenges, while also selecting technology enhancements as an important factor to increase business.
The commission’s recent settlement with Ascension Data & Analytics shows the FTC, like other federal agencies, is increasing its focus on vendors and third-party firms.
The traditional models used to predict consumer credit performance and newer machine learning methods can be extremely inaccurate, according to a new report.
Incorporating alternative data into the underwriting model with rigorous front-end control may help eliminate racial inequality in housing, according to industry analysts.
Working from home is going pretty well for lenders, with some reporting increased productivity and only one out of 33 surveyed noting a reduction in profits.
CoreLogic’s largest shareholders have raised doubts over the data vendor’s commitment to carrying out a full and fair sales process. The company is in talks with potential buyers at a value of at least $80 a share.
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