UWM will use AI to tap into refi pools

Michigan-based United Wholesale Mortgage (UWM) has launched proprietary technology that will use artificial intelligence (AI) to send pre-validated refinance opportunities.Dubbed “KEEP,” the system identifies borrowers who can save on their monthly mortgage payments and will automatically communicat
Read MoreMortgage rates drop to another new low for 2024

On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center, which tracks actual loan lo
Read MoreHUD issues ’extensive’ update to manufactured housing safety standards

The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced updates to its manufactured housing construction and safety standards, a move it called the most extensive such updates in three decades as the department seeks to modernize the features of these homes to drive demand.
Read MoreloanDepot hires Nancy Smith to oversee Colorado, Wyoming markets

California-based mortgage lender loanDepot appointed Nancy Smith to lead its Colorado and Wyoming branches as regional vice president of in-market retail.Smith will be responsible for growing sales volume in Colorado, which has the sixth-fastest percentage rate of population growth of all states, an
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