SENTIENT MORTGAGE Consumer-to-Lender AI Matching Engine Commences Development

Miami-based World Property Ventures (WPV) announced this week its latest proptech initiative now under development: SENTIENT MORTGAGE, an emerging AI-driven mortgage matching engine custom-built to seamlessly connect real estate buyers and investors with the most competitive mortgage rates available across various property types -- in real time. Set to debut in the U.S. market later next year, the...

Home sales stay surprisingly positive even with higher rates

The weekly home sales data for last week was a big surprise. If someone had told me at the beginning of the year that we would have mortgage rates fluctuating between 6.64% and 7.25%, trade war escalations, stocks slipping into bear market territory and confidence data collapsing — I would think housing demand would be negative year to date and year over year. Yet, amid all those conditions, our...

Assessing the reverse mortgage technology landscape

Reverse mortgages have a minimum age requirement that serves as a key differentiator for the product. But it also leads to questions about how much — or how little — technology tools can or should interact with the business. But things seemed to take a step forward last week when one of the leading lenders in the space, Fairway Independent Mortgage Corp., announced that it was implementing hybrid...

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