Snapdocs announces partnership with SitusAMC

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday.  This collaboration allows warehouse lenders to seamlessly and securely manage eNote transactions within their warehouse lending system of record. An

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Mr. Cooper’s CIO on deploying AI for the biggest wins

Editor in Chief Sarah Wheeler sat down with Sridhar Sharma, executive vice president and chief information officer at Mr. Cooper, to talk about how the company is using machine learning and artificial intelligence to increase productivity while making their customers happier. Sarah Wheeler: You came into the mortgage space about

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Bob Broeksmit proposes housing czar to address ‘regulatory knots’

Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit proposed creating a national director to oversee housing policies and address the “regulatory knots” that “sap the country’s economic strength.” This czar, called the “National Housing Policy Director,” would be directly located in the White House, accountable to the President, and

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RealReports enhances property document analysis with new multimodal AI feature

Proptech firm RealReports unveiled a new feature for its AI-powered assistant, Aiden, the company announced on Thursday. The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. Multimodal AI technology allows advanced artificial intelligence systems

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Supreme Court rejects challenge to CFPB funding structure

The U.S. Supreme Court on Thursday rejected a broad challenge to the funding mechanism of the Consumer Financial Protection Bureau (CFPB), which was brought by payday lending groups led by the Community Financial Services Association of America (CFSA). The CFSA and other groups challenged the constitutionality of the CFPB’s funding

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