Michael Valdes departs eXp to join LPT Realty

Recent leadership team changes have hit the cloud-based brokerages. On Monday, LPT Realty announced that Michael Valdes, the former chief growth officer at fellow cloud-based firm eXp Realty, has been named as the CEO of LPT International. In this role, Valdes will lead the international expansion of LPT Realty, including…

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FHA reports that all tech outage issues have been resolved

The Federal Housing Administration (FHA) on Monday announced that its computer systems, including FHA Connection (FHAC) — which provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. Department of Housing and Urban Development (HUD) — have been restored as of Monday morning following…

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Guild Mortgage unveils in-house AI system

San Diego-based Guild Mortgage is the latest mortgage lender to announce the use of artificial intelligence (AI) to improve its operations through the launch of an in-house system. The platform, dubbed GuildGPT, is integrated into Guild’s knowledge database and allows employees to deliver customized and instant information on company products…

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Kiavi closes $350M securitization of fix-and-flip loans

San Francisco-based private lender Kiavi announced Monday that it has closed another multimillion-dollar securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. The $350 million unrated securitization announced this week adds to similar transactions that have taken place since the start of the…

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