MISMO has released an updated MISMO Business Glossary, reinforcing its commitment to fostering a shared, industry-wide understanding of mortgage and real estate finance terminology.
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With financial organizations running on documents: loan files, annual reports, contracts, KYC documentation and regulatory filings – AI projects are stalling because those documents are scattered across PDFs, scans, emails, and legacy systems. Leading AI vendors are joining forces to tackle the problem with the launch of Doclang.
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BlackFin Group, a management consulting firm serving the Lending and Mortgage Banking Industry, announced that Default Analytics has become a Preferred Partner.
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Ardley, creator of the technology that parses mortgage servicers’ entire portfolios and identifies viable new origination opportunities in seconds, has launched Ardley Platform, a new self-serve technology that provides direct access to Ardley’s most powerful capabilities. With Ardley Platform, servicers have a centralized hub to engage borrowers and drive new loan applications.
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MISMO has launched the MISMO Framework for Responsible AI in the Mortgage Ecosystem (FRAME), an AI governance toolkit designed to help mortgage companies of all sizes establish policies, procedures, controls, and oversight for the responsible use of artificial intelligence. FRAME is now available to MISMO member companies through MISMO Connect.
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Ardley, creator of technology that parses mortgage servicers’ entire portfolios and identifies viable new origination opportunities in seconds, announced the appointment of Chris Calcasola as Vice President of Sales.
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ATTOM released its May 2026 U.S. Foreclosure Market Report, which shows there were a total of 40,355 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 5 percent from a month ago and up 14 percent from a year ago.
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As 2026 approaches its midpoint, consumers remain financially optimistic despite persistent affordability challenges that have been heightened by recent geopolitical events. TransUnion’s (NYSE: TRU) Q2 2026 Consumer Pulse study found that 55% of consumers are optimistic about their household finances over the next 12 months, unchanged from last year. Financial pessimism declined to 23%, down from an all-time high of 27% in Q2 2025. The findings are based on a survey of 2,996 U.S. adults conducted between April 23 and May 11, 2026.
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Mortgage applications increased 10.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 5, 2026. Last week’s results included an adjustment for the Memorial Day holiday.
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nCino announced Loan PreCheck, a new AI underwriting tool within the nCino Mortgage Point of Sale solution that automatically evaluates borrower eligibility against Fannie Mae, Freddie Mac, FHA, VA and USDA when a loan application is submitted and a credit report is pulled.
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