Panel Tackles AI, Customer Experience

LAS VEGAS–What impact will AI have on the mortgage banking industry? Is it a bubble? How does it fit into the customer experience?

FundingShield: Q3 Saw Record Wire, Title Fraud Risks Per Transaction

FundingShield, Newport Beach, Calif., released its Q3 Wire Fraud Analytics and Risk Report, finding that nearly 46.6% of transactions were flagged for issues posing significant wire and title fraud risks. Each of those loans had an average of 3.1 issues per transaction, a record high and an increase of 35% from Q2.

Chart of the Week: ARM Applications Level and Share

Adjustable-rate mortgages (ARMs), when used appropriately, can help ease affordability challenges and provide homeownership and equity building opportunities for qualified borrowers.