CoreLogic has announced the addition of a new artificial intelligence-powered image search to its OneHome client engagement platform. The innovation allows homebuyers and their agents to discover listings that match their visual lifestyle goals and aspirations for their next home within their preferences for location, price, size and more. First MLS is the first multiple listing service to launch OneHome AI Image Search, making it available to its 57,000 agents. OneHome AI Image Search is available in participating MLS markets in the United States and Canada.
Wells Fargo has announced that it has entered into a definitive agreement to sell the non-agency third-party servicing segment of its commercial mortgage servicing (CMS) operation to Trimont. The transaction is expected to close in early 2025, subject to satisfaction of customary closing conditions. Wells Fargo will continue servicing agency/government-sponsored enterprise (GSE) loans and loans held on its balance sheet. After completion, the purchase will make Trimont the country’s largest servicer of securitized commercial real estate debt, managing some $640 billion in mortgages.
LoanDepot has expanded its equityFREEDOM product suite to include a first-lien home equity line of credit (HELOC). The product allows borrowers to access the equity in their homes with flexible terms, including a three-year draw period, and, in most states, a 10-year, interest-only payment period followed by a 20-year amortizing repayment term. As part of its phased national roll out, the HELOC is available now in Arizona, California, Florida, Georgia, Maryland, New Jersey and New Mexico, and will be introduced in additional states across the country by late 2024.
Rocket Pro TPO has announced the launch of the Certified Community Lender (CCL) certification program, an initiative offering to pay for brokers to earn CCL certifications through the National Association of Minority Mortgage Bankers (NAMMBA). Rocket will cover the certification program’s fee, which ranges from between $395 for NAMMBA members to $495 for non-members; also included in the package is a one-year membership to NAMMBA. The program, according to Rocket, is aimed at empowering brokers to better serve underserved communities. It is set to last for 12 months, with a target of sponsoring 3,000 loan officers’ certifications.
