Freddie Mac announced the launch of Loan Product Advisor, an automated underwriting tool that uses machine learning and is aimed at reducing costs, creating efficiencies and improving the origination process for borrowers and lenders. The rollout is part of a broader technology innovation mandate issued by Bill Pulte, director of the Federal Housing Finance Agency and chairman of the Freddie Mac board.
Freddie Mac also announced the launch of a feature called Freddie Mac Income Calculator, a free online tool designed to help prospective homebuyers who work in the gig economy calculate wage earner and self-employed borrower income. The company noted that options will be added this year that will be able to factor in pensions, social security pay and rental income.
Digital mortgage lender Lower announced the acquisition of real estate portal company Movoto. The acquisition combines Lower’s lender platform and retail network with the Movoto.com homebuying portal in a move that integrates the home search and financing sides of the homebuying process.
Gateless, a mortgage automation technology company, announced its integration with the Fannie Mae Income Calculator. The collaboration allows mortgage lenders to calculate income from self-employment, business ownership or rental properties, and the Fannie Mae platform is now integrated with Gateless’ automated underwriting platform, Smart Underwrite, and its income verification service, VeriClear.
Toorak Capital Partners, an investment manager of business purpose mortgage loans, was awarded RMBS Deal of the Year at the 2025 GlobalCapital US Securitization Awards for Toorak 2024-RRTL1, the first-of-its-kind rated residential transition loan securitization. The $240 million deal was rated by Morningstar DBRS.
The Mortgage Industry Standards Maintenance Organization (MISMO), a nonprofit subsidiary of the Mortgage Bankers Association that develops standards for exchanging information and conducting business in the mortgage finance industry, announced the publication of Unique IDs that can be assigned to each container and data element of an impact analysis to streamline the process and accelerate implementation efforts.
Optimal Blue announced the general availability of Ask Obi, an AI-powered assistant that’s designed to help executives in the mortgage industry extract insights in real time from the company’s capital markets platform.
Alpha7x, a developer of an AI-driven document orchestration engine built for mortgage operations, announced that it has received patent-pending status for its platform from the U.S. Patent and Trademark Office. The platform is designed to automate mortgage origination and servicing tasks, as well as post-close quality control.
Homeowner membership platform Mesa announced that it is partnering with Paramount Residential Mortgage Group (PRMG) on a co-branded credit card that offers PRMG clients the ability to earn points on their mortgage payments, among other benefits.
Digital mortgage technology provider Cloudvirga, a subsidiary of Stewart Information Services Corp., announced the integration of its point-of-sale platform with an application programming interface from Intercontinental Exchange Inc. The integration allows borrowers who apply for a mortgage to electronically sign disclosures through the borrower portal and provides a print-and-upload workflow for wet-ink signatures.
Argyle, a provider of automated income and employment verifications for lenders, announced integration with Byte Software’s loan origination system. It will allow lenders to access Argyle’s real-time verification of income and employment services within the Byte platform.
Argyle also announced integration with Encompass Consumer Connect, a digital mortgage point-of-sale platform from ICE Mortgage Technology. The company also announced upgrades to its existing integration with ICE’s flagship Encompass loan origination system, including streamlined order flow and automated borrower reverifications.
Union Home Mortgage (UHM) announced it is partnering with ARIVE, a loan origination platform designed for independent mortgage professionals. The platform will allow UHM brokers to issue pre-approvals, manage leads and access products and pricing, among other features.
Digital mortgage services provider ServiceLink announced enhancements to its EXOS Close platform, including an instant in-platform determination of remote closing eligibility based on state and county acceptance requirements and an option that gives eligible borrowers the ability to schedule their closing online.
Informative Research, a provider of credit and verification solutions for lenders, announced the integration of its platform with Halcyon, a fintech company that provides real-time access to IRS tax transcript data. The integration enables the delivery of employment and income reports into Halcyon’s automated income calculator.
Digital loan origination system company Mortgage Cadence, an affiliate of Accenture Co., announced that DFCU Financial has agreed to implement the company’s MCP Essentials platform, which aims to improve borrower engagement and streamline documentation and communication.
Commercial real estate finance company Greystone was recognized as the Commercial/Multifamily Educator of the Year by the Mortgage Bankers Association. The award recognizes “companies that exemplify a commitment to learning and development.”
