Newrez has launched Rezi Mortgage Assistant, a consumer-facing custom GPT inside ChatGPT that delivers mortgage and home equity guidance grounded in the lender’s own underwriting guidelines and products, the company announced Wednesday. The Pennsylvania-based mortgage lender said Rezi Mortgage Assistant makes Newrez the first top 10 mortgage originator to deploy a branded, AI-powered mortgage guide…
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At last week’s Reverse Mastermind Summit in Tennessee, Bruce Simmons of American Liberty Mortgage shared some of the secrets behind his successful career as a reverse mortgage originator. His motivational message to the audience centered around helping them answer a key question: What is my why? Simmons, who’s based in Denver, outlined three key steps…
Since 2012, every year we have heard that it’s about to be 2008 all over again for the housing market, as people try to get attention by implying home prices are going to crash like they did starting in 2007 and ending in 2011. However, the housing credit markets have changed in such a fashion…
Rocket Mortgage has filed a lawsuit against United Wholesale Mortgage (UWM), claiming the rival intentionally breached contractual nonsolicitation obligations it owes to servicer Mr. Cooper Group. Rocket alleges that UWM is liable for nearly $100 million in damages for soliciting borrowers across 182,000 loans over the past 18 months, according to the lawsuit filed on…