Prudent AI launched Prudent AI Upfront, a one-touch pre-qualification platform that revolutionizes lender sales funnels. This innovative solution empowers lenders to process more applications, reduce fallout, and capture more business.
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Intercontinental Exchange, Inc. (NYSE: ICE), a provider of technology and data, released its May 2025 Mortgage Monitor Report, which delves into the rising share of first-time and Gen Z homebuyer participation in the mortgage market. Notably, first-time homebuyers (FTHBs) accounted for a record share of agency purchase lending in Q1 2025 as higher interest rates continued to dampen repeat buyer participation in the market.
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The Fed met last week and did not signal a rate decrease. “Look at the state of the economy,” Fed Chair Jerome Powell said. “The labor work is solid, inflation is low. We can afford to be patient as things unfold. There’s no real cost to our waiting at this point.” Now that this news has settled in, here is how insiders see it impacting lending going forward:
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ATTOM released its first quarter 2025 U.S. Home Equity & Underwater Report, which shows that 46.2 percent of mortgaged residential properties in the country were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value.
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Tavant, a global leader in AI-powered solutions and digital engineering, unveiled its new ‘AIgnite’ AI Accelerator Suite, designed to help enterprises rapidly unlock the value from GenAI-powered IT automation, data transformation, and creation and adoption of intelligent applications and AI Agents.
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LoanPASS, a provider of loan pricing and decisioning software, has acquired PMI Rate Pro, a Kansas-based fintech specializing in API-driven private mortgage insurance (PMI) pricing technology. The acquisition brings together two innovators in mortgage tech to deliver a comprehensive and connected platform for product configuration, pricing, eligibility, and mortgage insurance quoting.
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SoHo Title, a South Tampa-based title and settlement services provider, has entered into a partnership with the Florida Agency Network (FAN), the state’s largest independent provider of title and settlement services.
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Mortgage applications increased 11.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 2, 2025.
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OptifiNow, a provider of cloud-based sales and marketing automation and CRM solutions, has launched KPI onDemand, a new tool designed to give sales teams real-time, personalized insights into their performance — and a reason to stay motivated.
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Mortgage Cadence, an Accenture Company, has appointed Lokesh Pathak as Chief Information Officer (CIO). Lokesh joins the organization with a proven track record of building high-performing technology teams, driving innovation, and delivering enterprise-scale digital solutions across global markets.
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