Remove Closing Remove Loan Officer Remove Technology
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Tomo Mortgage closes $20M Series B funding round

Housing Wire

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

Closing 310
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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers.

Mortgages 318
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Lenders can use closing technology as a bargaining chip

Housing Wire

While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology. Without loan officer adoption, that spend becomes frivolous, making a lender’s decisions on which technologies to include in the tech stack extremely important.

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NEXA to give 100% of commission split to loan officers 

Housing Wire

will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans. NEXA Mortgage , the largest mortgage brokerage firm in the U.S.,

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Are you prepared to respond as borrower demand shifts?

Housing Wire

By examining their customer acquisition and retention strategies, they can drive, capture and convert shifts in demand into closed sales. We recommend investing in three key aspects of your customer acquisition strategy to ensure you have the technology, people and operational workflows needed as rates change and volumes increase.

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Better’s AI bots might take over mortgages — but its losses are still piling up

Housing Wire

The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. Better’s earnings report also included the announced hiring of the executive team from NEO Home Loans to build out a distributed retail channel.

Mortgages 357
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How Mortiles use technology and vendors services to push title searches into the future

Housing Wire

Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. Fortunately, information technology company Mortiles brings comprehensive solutions to the ever-changing title insurance, escrow and settlement arena. We invested close to $1.5