JP Kelly, SVP, Mortgage at MeridianLink®, emphasizes assessing LOS effectiveness and adapting swiftly to market changes for scalable lending.

Office of Management and Budget Director Shalanda Young directed federal agencies to advance Artificial Intelligence governance and innovation while managing risks from the use of AI in the federal government.

After years of struggling to attract young people to pursue careers in this field, the mortgage industry is considered fully staffed. But if we can’t keep our people sufficiently motivated, that situation will change.

Mortgage applications decreased 0.6% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 29, 2024.

A 2015 survey by Garrett, McAuley found that roughly half of respondents were monitoring fair lending compliance of their pricing concessions as expected by regulators. While the mortgage market has shifted since 2015, challenges in navigating the waters of pricing concessions and fair lending persist and could present more risk than you think.

An average member of Generation Z will spend $145,000 on rent by their 30th birthday, RentCafe, Santa Barbara, Calif., found, noting millennials spent $127,000 during that period of their lives (14% less).