Closing Time: Learning Lessons From AI

Closing Time: Learning Lessons From AI

In the classic sci-fi film “2001: A Space Odyssey,” two astronauts find their lives in jeopardy when an onboard ship computer thinks it is smarter than the humans that built it and takes over their space mission. A central concept to the story was the danger of artificial intelligence (AI), capable of out-thinking and possibly […]



How Technology is Influencing New Purchase Mortgage Strategies

How Technology is Influencing New Purchase Mortgage Strategies

The latest weekly survey from MBA reports the unadjusted Purchase Index increased by five percent and is three percent higher than the same week last year. With mortgage applications for home purchase on the rise, refinance applications continue to decrease—recently hitting their lowest point since September 2008.   Lenders are preparing to compete for their […]


Borrower

In the mortgage industry, a borrower refers to the buying party who receives a loan for a real estate transaction.



More than 50% of prospective borrowers are online! Are you?

More than 50% of prospective borrowers are online! Are you?

Ten years ago, on any given Friday night, “let’s go to Blockbuster” was probably the most popular phrase in America. Back then, Blockbuster was the top video store chain in the world and one of the largest entertainment companies ever. It even had its own awards show. Over the past decade, however, Blockbuster’s customers completely […]