HousingWireHousingWire Polly/ AI: AI-powered copilot for loan officers Fueled by Polly’s proprietary technology and data, Polly/ AI leverages powerful, state-of-the-art AI/ML and natural language processing (NLP) to transform the way loan officers conduct business and provide consumers with superior mortgage products and prices. Product Fast Facts #1 Polly/ AI can…
Continue reading →HousingWireHousingWire ChatUWM ChatUWM is an AI-powered smart search designed to support independent mortgage brokers by providing instant responses on a range of topics including guidelines, matrices, summaries of UWM’s tools and technology and more. Product Fast Facts #1 ChatUWM uses generative AI technology to comprehend user prompts, process their meanings…
Continue reading →HousingWireHousingWire Many state Realtor associations’ new forms—such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement agreement, according to a report released earlier this month. The report was written and…
Continue reading →HousingWireHousingWire Unsold inventory of homes on the market has been climbing in the U.S. for two years, right along with rising mortgage rates. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. According to Altos Research, there are 40% more homes on…
Continue reading →HousingWireHousingWire The country saw 1.62 million residential mortgage originations in the second quarter of 2024, an increase of 23.2% from the previous quarter, and the first quarterly gain in a year. The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that…
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