UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending
In a session at HousingWire’s The Gathering, UWM’s Jason Bressler told the audience that he considers the use of AI a form of “protection.”
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Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds
Mat Ishbia, president and CEO of United Wholesale Mortgage, is confident that if ending the conservatorship results in higher rates, it’s unlikely the government will move forward with it.
How to become a mortgage loan officer in 6 steps + Q&A about MLOs
Learn how to become a mortgage loan officer so you can get your license and start a lucrative career.
Competition for HELOC business heats up as home equity grows
MBA panelists highlighted the chance for loan officers to originate more HELOCs and other second-lien mortgages as the housing market sags.
UWM rolls out AI tools to analyze rivals’ offers, virtually assist borrowers
The introductions of LEO and MIA come on the heels of UWM’s stated goal to double its origination volume to $280 billion over the next three years.
Rocket shifts focus to integration after Q1 growth in originations and M&A
Lower rates helped Detroit-based Rocket Companies improve its originations in the first quarter of the year, a period also marked by the announcement of two major acquisitions, Redfin and Mr. Cooper.
loanDepot’s Q1 revenue jumps 23% as Hsieh prepares to take the wheel again
Departing CEO Frank Martell characterized his final quarter of earnings with loanDepot as one of “positive momentum.”
How Rate wants to close its ‘massive gap’ in the non-QM space
The company plans to double production in the segment in 2025. It launched a new suite of products, will be aggressive in pricing and is training LOs.
UWM faces class-action lawsuit over alleged misuse of 401(k) plan assets
Filed Monday in a Michigan district court, the lawsuit accuses UWM of violating the Employee Retirement Income Security Act (ERISA).
House to hold key session on trigger leads bill in May
The Homebuyers Privacy Protection Act is expected to be considered during a markup session on May 20 — a process that determines whether a bill should be recommended for a full House vote and in what form.