Sustainable customer-centric AI for BFSI industry operations requires not just quality data and system interoperability—it demands shifts in mindsets. AI’s implementation must be preceded by a quantum shift of design thinking lead by altered strategy approaches, which move beyond FinTech and RegTech traditional solutions.
Category: News and Trends
Early Registration Deadline August 1: MBA Annual Convention and Expo in Philadelphia
Join thousands of your peers for the original industry event of the year. The MBA Annual Convention & Expo is headed to Philadelphia, October 15-18, and everyone who’s anyone in real estate finance will be there. Will you?
MBA Premier Member Profile: Lenders One
One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.
Dealmaker: Gantry Secures $12M to Refinance Affordable Multifamily Property Near Seattle
Gantry, San Francisco, secured a $12.1 million permanent loan to refinance an apartment property in Auburn, Wash., in the Seattle suburbs.
Fitch Ratings: Non-Bank Mortgage Lenders to Withstand Liquidity, Funding Pressures
U.S. non-bank mortgage companies are positioned to withstand liquidity and funding pressures amid the fallout from recent bank failures, growing recessionary risks and tightening lending standards, reported Fitch Ratings, New York.
MBA Weekly Survey July 6, 2023: Mortgage Applications Decrease
Mortgage applications decreased 4.4 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 30, 2023.
People in the News July 6, 2023
People in the news from Cenlar FSB, Loan Vision and Dovenmuehle Mortgage.
RCLCO: Sentiment Improves, but Still Points to Recession Worries
RCLCO, Washington, D.C., said its mid-year Sentiment Survey found an uptick in its Current Real Estate Market Sentiment Index to 19 from a low of 8.3 at the end of 2022. However, survey respondents still believe a recession is likely, even as many measures slowly begin to improve.
Mark P. Dangelo: In an AI Reimagined Financial World, It Begins with the Consumer (Part 3)
Sustainable customer-centric AI for BFSI industry operations requires not just quality data and system interoperability—it demands shifts in mindsets. AI’s implementation must be preceded by a quantum shift of design thinking lead by altered strategy approaches, which move beyond FinTech and RegTech traditional solutions.
Typical U.S. Home Sells For $4,000 Less Than Last Year, Redfin Reports
The median U.S. home-sale price dipped 0.9% year over year to roughly $383,000, reported Redfin, Seattle.