Industry Briefs, June 1, 2026
(Image courtesy of Markus Winkler via pexels.com)
ProxyPics Becomes First Verified Provider of UPDR
ProxyPics, Chicago, has become the first verified provider of the Uniform Property Data Report, a new standardized reporting framework developed jointly by Fannie Mae and Freddie Mac.
The UPDR is a standardized report template built on the Uniform Property Dataset, designed to bring consistency to how property data is delivered, reviewed and underwritten across the ecosystem. It was developed in response to challenges caused by varying vendor formats.
ProxyPics leverages artificial intelligence and computer vision models to analyze property images and extract data points, automatically populating required fields within the UPDR. It also incorporates a real-time, in-app feedback loop, enabling immediate validation of collected data. It can flag missing elements, inconsistencies or other issues while the data collector is still on-site.
ProxyPics is accelerating adoption of the UPDR by delivering a fully integrated solution that combines standardized reporting with advanced technology and nationwide scale, the release noted.
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The Mortgage Collaborative Launches Mortgage AI Council, Partners With TheZebra.com
The Mortgage Collaborative, San Diego, announced the formation of the Mortgage AI Council, a standing committee under TMC’s lender member board of directors.
It will give community banks, credit unions and independent mortgage bankers the governance framework, peer intelligence and collective voice needed to adopt artificial intelligence responsibly.
The council’s work will focus on consolidating fragmented AI governance frameworks into a standard that lenders can implement, facilitating peer knowledge exchange, vetting AI venders based on member-identified needs and monitoring regulatory developments in fair lending, model explainability and data privacy.
The panel will be co-led by Amy Azorandia, chief compliance officer at Click n’ Close, and Erin Dee, chief operating officer at InterLinc Mortgage.
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Additionally, TMC has partnered with TheZebra.com, Austin, Texas, in a move that will give lender members a direct way to connect borrowers with home insurance options at the point of mortgage origination.
Lender members will be able to refer borrowers to TheZebra.com’s platform to compare quotes from more than 110 carriers and purchase coverage before closing. Lenders receive compensation per qualified referral.
Lender members will have access to TheZebra.com’s platform beginning June 2.
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Xactus Buys Mortgage Credit Link from MeridianLink, Adds Experian Verify Preview Report
Xactus, Broomall, Pa., announced the acquisition of Mortgage Credit Link, a web-based order fulfillment hub to streamline credit and verification data ordering from application to closing.
It will now operate as XedaLink, an independent subsidiary of Xactus. It will continue to operate within its existing framework, serving its clients and partners while benefiting from the scale, infrastructure and investment of Xactus.
The acquisition will strengthen its ability to support a broad range of client needs while maintaining a structure that enables independent operation.
Xactus was advised by Kirkland & Ellis and McDonald Hopkins, with financing provided by JP Morgan. Additional details about the transaction were not disclosed.
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Xactus also announced the availability of the Experian Verify Preview Report within the Xactus360 Intelligent Verification Platform.
The addition–embedded into the credit report experience–will give lenders upfront visibility into borrower employment data before initiating a full verification request. It provides a view into which employment records for a specific consumer are available for instant verification.
Xactus reports it is the first to embed the capability directly within the credit report workflow.
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Clear Capital Acquires Restb.ai
Clear Capital, Reno, Nev., acquired Restb.ai, Barcelona, a provider of AI-powered computer vision technology for the valuation and real estate industries.
It adds Restb.ai’s image recognition and data enrichment capabilities to Clear Capital’s product suite. Along with CubiCasa, a digital floor plan and virtual tour company Clear Capital acquired in 2021, the companies will help customers holistically understand information shaping real estate and mortgage decisions.
Clear Capital and CubiCasa plan to integrate Restb.ai’s technology across their platforms, while retaining the Restb.ai brand.
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Planet Expands With Non-Agency Offerings
Planet, Meriden, Conn., has expanded its product offerings to include non-agency lending. The capabilities support a wide range of lending strategies, including a full suite of Non-QM/Alternative Income products and Debt Service Coverage Ratio mortgages.
Planet had introduced a Non-Agency correspondent offering as a pilot at the end of last year, designed to support delegated and nondelegated delivery, mandatory and best efforts execution, bulk delivery and forward agreements. The company has established a dedicated Non-Agency underwriting team made up of experienced specialists focused exclusively on Non-Agency loans.
Planet’s Non-Agency platform is led by Executive Vice President of Non-Agency Lending Ken Torre and Senior Vice President of Non-Agency Lending Tim Fisher, who bring decades of industry experience across Non-Agency origination, underwriting, capital markets and execution strategy.
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Panorama Mortgage Group Rebrands to SimplyPMG
Panorama Mortgage Group, Las Vegas, announced it has rebranded to SimplyPMG.
It reflects a change in direction as the company celebrates its 20-year anniversary, and unites Alterra Home Loans, Travisa Financial and the parent company.
The brand has three distinct channels: SimplyPMG.direct–an online experience for borrowers who want to move fast and get competitive rates; SimplyPMG.net–a connection to experienced loan officers who provide personalized guidance through every step of the process; and SimplyPMG.Pro–a wholesale platform built for broker partners.
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Snapdocs and BNY Launch Automated Collateral Delivery, eCustody Solution
Snapdocs, San Francisco, announced an initiative with BNY, New York, to deliver automated, end-to-end digital mortgage collateral infrastructure.
The solution will combine BNY’s custody capabilities and investment in next-generation infrastructure with Snapdocs’ platform, including its eVault technology, document classification and data extraction capabilities.
It will equip BNY’s clients with purpose-built eVault and eCustody infrastructure, touchless collateral delivery, document intelligence and is designed to extend beyond mortgage collateral.
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DocMagic Earns MISMO Certifications
DocMagic, Torrance, Calif., announced it has received two new certifications from MISMO.
They include the eVault System Certification, which covers DocMagic’s SmartSAFE and SmartSAFE XL.
DocMagic also earned the SMART Doc Validation Rules Certification, confirming that the firm’s technology can verify conformance to MISMO Smart DOC V1.02 standards prior to vaulting and across integrated workflows.
“With MISMO’s eVault certifications, DocMagic can help lenders accelerate integration timelines, reduce testing cycles and bring eNote capabilities to market with greater speed and certainty,” said MISMO Vice President of Programs and Operations Jonathan Kearns. “At MISMO, we recognize that trust in both the integration and ongoing use of an eVault is critical to advancing the digital mortgage ecosystem. Our eVault certification program is designed to remove uncertainty by validating that providers are implementing MISMO standards correctly, giving lenders confidence in how electronic notes are stored, managed and transferred.
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Candor Technology Integrates With Freddie Mac’s AIM Check API
Candor Technology, Alpharetta, Ga., announced an integration with Freddie Mac’s AIM Check API, enabling automated income calculation for W-2 borrowers through Candor’s Loan Engineering System.
The integration will allow Candor customers to initiate a single-stream submission, with borrower income data evaluated by LES and AIM Check and Loan Product Advisor.
Candor also provides a Candor data accuracy warranty on borrower data submitted to AIM Check and loans processed through LES.
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AD Mortgage Announces $407M Non-QM Securitization
AD Mortgage, Fort Lauderdale, Fla., and Imperial Fund Asset Management, Fort Lauderdale Fla., announced the successful launch of its fourth securitization this year– AD Mortgage Trust 2026-NQM4 (ADMT 2026-NQM4).
It represents a diversification of the collateral pool, with Florida representing 25% of loans. The top three states, Florida, California and New York, represent 56.5% of the pool.
The transaction, which is slated to close toward the end of May, is backed by a pool of 979 mortgages seasoned an average of one month and reflects a strong borrower profile. About 80% of the loans were underwritten using alternative documents, and 22.5% are non-QM.
The structuring lead for the transaction is Morgan Stanley & Co. Initial purchasers and joint bookrunners include ATLAS SP Securities (a division of Apollo Global Securities, LLC), BMO Capital Markets Corp., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Nomura Securities International, Inc. Co-managers include Academy Securities, Inc., AmeriVet Securities, Inc., Natixis Securities Americas LLC and Piper Sandler & Co.
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NewFed Mortgage Corp. Touts Companywide Rollout of Friday Harbors AI Pre-Underwriting Platform
NewFed Mortgage Corp., Danvers, Mass., announced the companywide rollout of the Friday Harbor, Seattle, AI pre-underwriting platform, after a successful pilot program.
NewFed reports processors have handled 36% more files per month and underwriters have reviewed 35% more loans.
NewFed uses Friday Harbor through its integration with the Encompass loan origination system from ICE Mortgage Technology. As an early design partner, NewFed worked closely with Friday Harbor to help shape the platform around real-world fulfillment workflows, operational realities and production-scale lending environments.
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