Tech Pulse: eXp’s digital twin trend; lenders urged to build AI compliance
Executives from eXp Realty discuss the use of digital twins, while a new survey offers the chance to weigh in on AI implementation.
Mortgage
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ADUs could remedy America’s housing crisis, but obstacles remain
Accessory dwelling units (ADUs) still need to overcome major hurdles, such as determining appraisal values and underwriting concerns.
WFG National Title added to Fannie Mae’s multifamily approval list
WFG provides escrow services and funding functions on behalf of its agents, a capability now required for Fannie Mae multifamily closings.
Bill Emerson to retire as president of Rocket Companies
Bill Emerson is retiring as president of Rocket Companies but will remain as a director, the company disclosed in a filing with the Securities and Exchange Commission (SEC).
Mortgage brokers say loanDepot is knocking at their door again
Brokers told HousingWire that representatives at loanDepot are reaching out to them with wholesale channel partnership offers.
Bonus Homes lands in Phoenix, unveils home equity release option
With $65.5M in seed funding, Bonus Homes plans to scale to 10,000 homes under management over the next decade.
Ex-GSE risk chief makes case for Fannie-Freddie merger
Clifford Rossi, academic director of the Smith Enterprise Risk Consortium at the University of Maryland, pushes a merger as solution to avoid a race to the bottom.
RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo
Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo.
Caliber Home Loans fined $2.3M for overcharging California borrowers
Caliber will pay $1.8 million in penalties and has refunded more than $550,000 to impacted California consumers.
The Florida Association of Mortgage Professionals pushes for condo guideline changes
The Florida Association of Mortgage Professionals (FAMP) is addressing housing affordability challenges head-on.