Jay Venkateswaran, business unit head of banking and financial services at WNS Global Services, said the best lenders are preparing now for expectations of increased business at least two quarters in the future....
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Figure says new AI-enabled tool is a “stare and compare killer”
Figure Technology Solutions introduces a gen AI-powered tool dubbed the "stare and compare killer" which aims to help with document reviews. https://www.nationalmortgagenews.com/news/figure-says-new-ai-enabled-tool-is-a-stare-and-compare-killer
Lenders call on flood insurance renewal as budget talks move
The program lapsing would preclude mortgage applicants from closing on home loans without the required coverage in federally designated flood zones. https://www.nationalmortgagenews.com/news/mortgage-lenders-back-national-flood-insurance-program-renewal
PRMG and NJ-based lender resolve poaching lawsuit
The complaint focused on 41 employees which allegedly accounted for $260 million in annual production volume. https://www.nationalmortgagenews.com/news/prmg-and-nationwide-mortgage-bankers-settle-poaching-claims
What the CFPB’s open banking rule will do to data privacy, security
A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule. https://www.nationalmortgagenews.com/news/how-the-cfpbs-1033-rule-changes-data-security-for-banks