After months of beta testing, the melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance. Source:…
Posts published in “automated underwriting”
Deal sets the stage for TransUnion to go head-to-head with Equifax’s verification service, The Work Number, and help mortgage lenders speed up closings. Source: Inman…
Proposed standards would include random sample testing and reviews to ensure a “high level of confidence” in the estimates produced by AVMs. Source: Inman News
Mortgage lenders seeking economies of scale are automating much of the loan application and underwriting process, helping them price loans competitively and take market share…