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CFPB finalizes rule that lays the foundation for open banking

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that lays the groundwork for open banking in the U.S. But this rule has sparked mixed reactions within the industry, reflecting both enthusiasm and concerns. and European Union, where open banking has already been adopted to drive innovation and consumer benefits.

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5 lessons we learned at the HW Economic Summit – and why we consider it a ‘must attend’

Housing Wire

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. However, economists and industry leaders at the summit reinforced that every market is different.

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How gen AI is making real estate cybercrime easier than ever

Housing Wire

Unfortunately, industry experts are anticipating that things will only get worse in 2025 as gen AI makes committing cybercrime easier than ever. Previously, ONeill said cybercriminals would specialize in certain parts of the crime or in certain technologies. But sophisticated website spoofs are not the only way fraudsters are using AI.

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Mr. Cooper announces retirement of Xome CEO Mike Rawls

Housing Wire

“Chris is an industry expert when it comes to driving revenue growth and building partnerships. He currently serves as an executive chairman for servicing technology company Sagent , a role he will maintain after the transition. This came after the company acquired Flagstar Bank assets in July.

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Rethinking resident experience: Why consumer tech trends matter now more than ever 

Housing Wire

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. In fact, a recent report found that renters who are satisfied with technology are 17% less likely to plan a move.

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Total Expert launches marketplace for marketing technologies

Housing Wire

Customer engagement platform Total Expert is launching a marketplace this week for financial institutions to build their marketing technology stack. Customers, including banks, lenders and insurance companies, will have access to data and action systems under “one roof.” That is not our model,” Welu said.

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Industry experts detail the benefits, challenges of AI

Housing Wire

That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.” The paper notes that “AI is not a homogenous technology” and offers a variety of uses across the mortgage ecosystem, from origination and servicing to default solutions and asset sales.