By KIMBERLEY HAAS Leaders at RealPage are speaking out after the U.S. Department of Justice expanded its antitrust lawsuit against the company to include six of the nation’s largest landlords. Officials at the DOJ allege the landlords – Greystar Real Estate Partners LLC, Blackstone’s LivCor LLC, Camden Property Trust, Cushman & Wakefield Inc and Pinnacle…
By KIMBERLEY HAAS As 2024 comes to a close, we are taking a look at what had the most impact on our audience this year. Articles and podcasts about advancements in technology, the National Association of Realtors settlement, and a class action lawsuit against United Wholesale Mortgage top the list. Advancements In Technology Technology and…
By KIMBERLEY HAAS Leaders at a California-based provider of AI-powered digital lending technologies have introduced a new product designed to drive down origination costs while increasing borrower confidence. The launch of LO.ai was announced by Tavant at the Mortgage Bankers Association’s annual convention and expo in Denver this October. The new product augments Tavant’s Touchless…
By KIMBERLEY HAAS As lenders work to stay on top of advances in artificial intelligence, companies are hiring the top minds in mortgage technology. Mortgage technology expert Dan Sogorka officially joined Rocket Pro TPO as its general manager on Sept. 3. He has been running mortgage tech companies for the last 25 years. “I love…
By KIMBERLEY HAAS As mortgage lenders work to improve efficiencies using artificial intelligence, the concept that large language models could lead to discrimination against Black borrowers is concerning. But researchers say preventing bias is surprisingly easy. A recent audit study of loan approval and interest rate decisions suggested by large language models shows that LLMs…
By KIMBERLEY HAAS During the first Investor Day held by Rocket Companies, Founder Dan Gilbert shared his vision for the Detroit-based fintech platform. During an on-stage chat with President Bill Emerson, Gilbert said the influence of the internet became clear in the 1990s and since mortgages are not a physical item, it was obvious to him…
By KIMBERLEY HAAS The co-founder of a company that provides technology-enabled mortgage services and fintech innovation for the financial industry says artificial intelligence will be an essential tool moving forward. Souren Sarkar, who is the president at Nexval Group in Miami, started his career in the technology space at Bayview Financial in 1996. After rising…
Rocket Mortgage launched a new AI-driven technology for analyzing calls. Rocket Logic – Synopsis can listen to, transcribe, and search client calls, then analyze the sentiment, recording the patterns and preferences of the caller, according to a press release. This innovation allows Rocket to create “bespoke experiences” for both current and potential borrowers. “Rocket Logic…
By KIMBERLEY HAAS A total of 1,250 team members at Rocket Companies dove headfirst into the topic of leveraging generative AI during their most recent HackWeek. More than 250 experiments were tackled as these team members explored how technology can streamline the homeownership journey. They ranged from finding solutions for when buyers first start browsing…
The CEO of Dark Matter Technologies says they remain focused on streamlining processes for their clients as they work to revolutionize the mortgage industry. Leaders at the company, formerly Black Knight Origination Technologies, announced in September that they had rebranded after being acquired by the Perseus Operating Group of Constellation Software. Since that time, they…
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