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In this conversation, see Shelly and Sasha break down the company's latest product moves—from intelligent Verification to the groundbreaking FICO Score Simulator. A smarter future for lending. In this episode, hear from Shelly and Sasha of Xactus as they break down the company's latest product moves—from Intelligent Ve
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News
Mortgage rates top 7% as oil hits $100 and yields climb
2+ day, 15+ hour ago (242+ words) The 7% mortgage rate threshold broke as the 10-year yield increased to 4.92% and WTI oil moved above $100. Low jobless claims and a 4.1% unemployment rate are keeping pressure on rates by supporting a more hawkish Fed outlook. AI Summary As labor force…...
Lindsay Listanski named CMO at Coldwell Banker Real Estate
2+ day, 18+ hour ago (240+ words) Coldwell Banker Real Estate promoted Lindsay Listanski to chief marketing officer. The company is consolidating brand, brokerage, and commercial marketing teams to support a more integrated strategy across its company-owned operations and franchise network. AI Summary Lindsay Listanski has been…...
Commodity inflation is hot, but Fed is still focused on core inflation
4+ day, 15+ hour ago (484+ words) Ahead of CPI and PPI, the Fed is focused on core inflation while monitoring renewed pressure from energy and copper. With unemployment at 4.1% and the 10-year near 4.78%, officials are weighing insurance-style rate hikes if progress stalls. AI Summary We have…...
Former Better executive Chad Smith named Envoy Mortgage CEO
6+ day, 6+ hour ago (448+ words) PLACE has appointed former Better.com executive Chad Smith as CEO of Envoy Mortgage and president of PLACE’s mortgage and financial services division. Envoy, which had been led by President Jesse Passafiume without a CEO, is expanding through its acquisition…...
CFPB reform package would shift funding to Congress
1+ week, 3+ day ago (369+ words) House Republicans introduced H.R. 10184 to move CFPB funding into the congressional appropriations process and expand oversight. The package adds an inspector general and requires periodic reviews of major rules and supervisory guardrails. AI Summary Republicans in the House of Representatives have…...
Dan Sogorka leaves Origna8 CEO post to lead Informed
1+ week, 5+ day ago (396+ words) Informed, an AI-powered verification and fraud detection platform for lenders, has appointed former Rocket Pro general manager Daniel Sogorka as CEO. The San Mateo-based fintech says it has automated more than $350 billion in loan originations. AI Summary Former Rocket Pro…...
Affordability Proposals Target Title Insurance and Raise Risk
1+ week, 6+ day ago (455+ words) Proposals to waive title insurance on certain low-risk loans are framed as affordability measures, but they could shift $600 billion in annual risk exposure to homeowners and taxpayers. The column argues title costs are small relative to other ownership costs and…...
Warsh warns Fed has 'work to do' as inflation progress stalls
2+ week, 1+ day ago (651+ words) Federal Reserve Chair Kevin Warsh used his Jackson Hole speech to argue that inflation progress remains limited and that 65 months of elevated prices are the Fed’s responsibility. He highlighted that more than half of PCE components still show increases above…...
Multi-credit Scoring Models: What Lenders Should Ask Tech Partners
4+ week, 1+ day ago (960+ words) Mortgage lenders are moving from a single credit model to a multi-model environment. Asking technology partners four implementation questions can help keep pricing, underwriting, compliance and post-lock decisions consistent across the loan lifecycle. AI Summary For decades, the mortgage industry…...
The modern originator: Inside Abdel Khawatmi???s AI-powered mortgage business
2+ week, 5+ day ago (199+ words) Abdel Khawatmi left personal injury law for mortgage after experiencing firsthand how poor communication can derail the homebuying experience. Eight years later, he’s built a high-producing business around the opposite idea: educate relentlessly, communicate clearly and stay close to the…...