ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal.
Category: Buyers Tools
Local Logic helps power Lundy’s Finding Homes voice search
Local Logic, the community and market insights marketing solution, will be working with Lundy, an AI-derived voice search option for the visually impaired.
Rocket Homes tech chief unpacks ‘Explore Spaces’ visual search tool
Rocket Homes Chief Technology Officer John Fair told Inman the tool has already resulted in users spending nearly twice as long on the lender’s website and returning six times more frequently.
Xome’s DIY platform lets investors sell homes without an agent
Homeowners can’t sell a primary residence through Xome’s seller portal without a listing agent, but can hire an agent on their own or ask Xome to match them with one.
Assumable mortgage platform Roam expands coverage area
With $3 million in new funding, Roam wants to help buyers “wind back the clock” on mortgage rates in markets nationwide by the end of the year.
Better hiring real estate agents to originate mortgages in 26 states
As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers.
NAR settlement may disrupt mortgage partner agent programs
If homebuyers are no longer willing to pay full commissions, what happens to lender programs that incentivize consumers to work with partner real estate agents?
New credit scores from FICO, VantageScore gaining traction
Lenders won’t be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers.
Mortgage giants offering very low income homebuyers a spring break
Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums.
Rocket Homes app puts listings on your car’s infotainment screen
Integration with Apple CarPlay turns the commute “into an exciting and natural part of the homebuying journey” — unless you drive a Tesla.