mortgage

In: Artificial Intelligence

Mortgage processing is a complex, document-heavy workflow that demands accuracy, efficiency, and compliance. Traditional mortgage operations rely on manual review, rule-based automation, and disparate systems, often leading to delays, errors, and a poor customer experience. Recent industry surveys indicate that only about half of borrowers express satisfaction with the mortgageContinue Reading

In: Finance

marchmeena29 Mortgage rates rose this week, but are still expected to decrease modestly in H2, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.95% as of July 3, up from 6.86% last week and 6.81% in the year-ago week. 15-year fixed-rate mortgages averaged 6.25%, compared toContinue Reading

In: Finance

Daenin Arnee MBA Mortgage Applications Composite Index: +0.8% vs. +0.9% a week ago. Purchase Index: +1.2% vs. +1.6% in the previous week. Refinance Index: -0.1% vs. -0.4% in prior week. 30-year fixed-rate mortgages came in at 6.93%, compared to 6.94% last week. “Lower rates, however, were still not enough toContinue Reading