Correspondent and Wholesale, CLE, Audit, Free POS Products; News From Chicago; MBA Chair Owen Lee Interview

What percentage of the industry is shifting credit policies? Yesterday the industry learned that Fairway Independent and Movement are “now implementing VantageScore 4.0 (owned by Experian, Equifax, and TransUnion)… The VantageScore 4.0 credit scoring model is offered through Experian, Equifax and TransUnion, as well as mortgage technology providers including Xactus, Calyx, and Optimal Blue. Its use in mortgage was pioneered by Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks, FHA, and the VA. Keeping up on things can be a full-time job, and Chrisman Demo Day returns tomorrow, October 15, at 10AM PT, with AI front and center, free to viewers. Three of the seven companies on the agenda are AI and automation tools, each taking on a different part of the loan. Watch where AI takes over a task, where it hands the file back to a person, and what that means for everyone downstream. Along the way, data and intelligence feeds the file, the Loan Origination Software carries it through processing, outsourcing supports the document-heavy work, and a CRM keeps the borrower connected through the next loan. Featuring demos from Cotality, Wilqo, MOZAIQ Agentic AI, One Diligence, Indecomm, NightOwl, and OptifiNow. Seven companies, 10 minutes each, one connected pipeline. Chrisman Marketplace members receive free demo access. Join the Marketplace to participate as a vendor. (Today’s podcast can be found here. This week’s ‘casts are presented by nCino, the platform for agentic AI in mortgage lending. nCino is helping mortgage lenders deliver a faster, simpler path to homeownership. Today’s has an interview with Seinfeld opener, new MBA Chairman, and Success Mortgage Partner’s Owen Lee on his involvement with the MBA, his priorities and goals as Chair, how the role will affect his professional responsibilities, and his outlook on opportunities and challenges facing the mortgage industry.)