Rocket trims workforce after completing Mr. Cooper acquisition
Rocket closed the $14.2 billion acquisition in early October — about 51% higher than the valuation announced in March — after completing all necessary approvals.
Origination
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TransUnion cuts VantageScore 4.0 pricing for mortgage lenders
Credit bureau TransUnion has followed its peers in slashing prices for mortgage lenders purchasing VantageScore 4.0, responding to Fair Isaac Corp. (FICO)’s newly implemented pricing model.
Mortgage executives call for a renewed leadership model
A panel of senior mortgage executives at The Sales Mastery event talked about how leaders should be adding value in this market.
Friday Harbor’s AI originator assistant now supports overlays
Friday Harbor’s AI Originator Assistant now includes overlays, enhancing loan compliance and credit quality control for lenders.
PHH Mortgage unveils revamped non-QM options
PHH Mortgage introduces FlexIQ, a new non-QM product suite, to enhance non-agency offerings and support diverse borrowers.
Equifax slashes VantageScore 4.0 pricing as FICO launches new reseller model
Equifax announced changes to its pricing strategy following Fair Isaac Corp.’s rollout of a new program that allows tri-merge resellers to calculate and distribute its scores directly to mortgage lenders.
Exclusive: CrossCountry Mortgage CEO unveils organic growth strategy
Rather than pursuing mergers and acquisitions to strengthen its origination and servicing platforms, the company has focused on organic growth by acquiring mortgage servicing rights (MSRs) and building an asset management arm
NEXA Mortgage rebrands to NEXA Lending, but it’s not a pivot to retail
Kortas hopes to lure large retail producers to the wholesale side by emphasizing their biggest advantage: wholesale pricing.
FICO’s new program draws mixed reviews from mortgage market
Fair Isaac Corp.’s (FICO) decision to let resellers calculate and distribute its scores directly to lenders drew a mixed response from the mortgage industry.
FICO bypasses credit bureaus with new program for mortgage lenders
Fair Isaac Corp. (FICO) has launched a program allowing tri-merge resellers to calculate and distribute its scores directly to mortgage companies.