The Loan Store partners with Gateless for AI-powered mortgage underwriting
Gateless' Smart Underwrite platform aims to automate underwriting processes, enhancing efficiency for lenders like The Loan Store.
Preapprovals fell 15% in Q3 as home prices spiked: LenderLogix
Borrowers generated 49,392 preapproval letters in Q3 2024, down 15% from Q2, signaling a cooling mortgage market.
Rocket bets big on AI for bespoke customer experiences
The strategic imperative for Rocket Companies under new CEO Varun Krishna is to focus on leveraging AI technology, specifically through their Rocket Logic AI platform for faster loan processing.
LoanDepot customers struggle to make mortgage payments after California lender hacked
loanDepot customers are struggling to make mortgage payments after a cyberattack on the company's systems.
Certain loan processing and phone services have been affected, impacting customers who are trying to make payments or start loan processes.