Don’t forget to tell your friends to grab a free small Slurpee today: it is the iconic drink’s 60th birthday. My friends call me “the computer.” It has nothing to do with intelligence… I go to sleep if left unattended for 15 minutes. Have you ever read something that just doesn’t sound right, or sound like a human? Or wonder how someone with a supposed full-time job generates reams of posts? New data from Pangram, a company that purports to detect AI-generated writing through a browser extension, reveals just how clogged up some of the internet has become with AI-generated posts. LinkedIn appears to be the biggest hotspot, with 30 percent of short-form content and 41 percent of long-form content on the platform flagged by the software as fully AI over the course of the second quarter of the year. Medium was also in bad shape, with 31 percent of the longform content appearing to be AI-generated, followed by X, with 29 percent. Just think of how hard it is for teachers who assign students a paper to write… or do they simply use valuable classroom time for students to do work that in the past was assigned as homework?
Saturday Spotlight: Flyhomes
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Power up homebuyers: bigger budgets, winning offers, only one move.
Flyhomes is the industry leader in solving one of the biggest challenges in real estate: how to buy your next home without having to sell your current one first. As the leading Buy Before You Sell platform in the U.S., Flyhomes DREAM Solutions helps top loan officers unlock more opportunities for their borrowers through D (DTI Buster), R (Retire & Downsize), E (Equity for Down Payment), A (All-Cash Advantage), M (Move With $0 Out of Pocket).
We operate on a wholesale-only model, empowering loan officers and real estate agents with a variety of Buy Before You Sell solutions available in all 50 states. Our products give borrowers real advantages: buy with $0 down, reduce their DTI by up to 50 percent, and make cash-equivalent offers that close in as little as 10 days. And because we’re wholesale-only, there’s no competition with loan officers or agents. We exist to help everyone win more deals and build stronger client relationships.
Another key difference? Low costs. We’re proud to offer the most affordable Buy Before You Sell solutions on the market. Our programs start with a tiered flat fee, and our loan product pricing is tied to the loan amount, not the departing home’s sale price. This structure keeps costs fair and transparent, giving borrowers access to the tools they need without creating an extra financial burden. It’s a true win-win for both families and the professionals who serve them.
Join our live session on July 15 (Wed) or July 29 (Wed). We’ll walk through how Flyhomes DREAM Solutions empower you and your borrowers to unlock home equity to buy their next home before selling the current one, reduce DTI and help them qualify for up to 50 percent more, and remove home sale contingencies and make stronger offers. Save your seat today (July 15/ July 29) or book a call to learn how Flyhomes solutions can benefit your borrowers and help you close more deals today.
(For more information on having your firm’s extracurricular activities, employee growth, and your charitable side featured, contact Chrisman LLC’s Anjelica Nixt.)
Laws and regulations: part of lender’s lives
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Last night, the 21st Century ROAD to Housing Act became (some would say “slipped into”) law after President Trump declined to sign or veto the legislation. Included among its provisions is a restriction on corporate ownership of single-family homes, excluding build-to-rent properties. Regulation isn’t going away… It’s just coming from more directions.
Newrez’s Mark McArdle has some thoughts on this. “The conversation around mortgage regulation has changed considerably over the past year. Much of the attention has focused on staffing changes at the Consumer Finance Protection Bureau and the assumption that a smaller federal agency would naturally translate into a lighter compliance environment.
“That hasn’t been my experience. While the Bureau appears to be settling into a more stable footing, with examinations resuming, rulemakings moving forward, and leadership becoming clearer, the broader regulatory landscape has become more complex rather than less demanding. Companies are still monitoring federal agencies, government-sponsored enterprises, state regulators, legislatures, private litigation, and enforcement trends simultaneously.
“The risk hasn’t disappeared because one regulator became smaller. Instead, it has become distributed across a growing number of institutions, each with its own priorities, timelines, and interpretations. For lenders operating nationally, that fragmentation often creates a greater operational challenge than a single, consistent supervisory framework ever did.
“That reality is becoming especially apparent as states take a more active role in mortgage oversight. New consumer protection initiatives, evolving Community Reinvestment Act proposals for independent mortgage banks, and state-specific legislative changes are creating obligations that frequently overlap without necessarily aligning.
“At the same time, the industry is trying to evaluate emerging issues such as artificial intelligence, servicing reforms, and potential changes to longstanding rules like loan officer compensation, all while maintaining compliance with existing federal requirements. None of those developments suggest the regulatory environment is becoming less important. If anything, they reinforce the need for predictability. Mortgage lenders can adapt to rigorous oversight when expectations are clear and consistently applied, but constant variation between jurisdictions makes compliance more difficult without necessarily improving consumer outcomes. As the industry looks ahead, the most valuable reform may not be fewer rules. It may be a more coordinated approach to enforcing the ones that already exist.” Thank you, Mark.
Following the Consumer Financial Protection Bureau’s Request for Information on possible changes to mortgage disclosure and rescission requirements under Truth in Lending and RESPA, Peter Idziak, principal at Polunsky Beitel Green, had some thoughts. “The comment period is notably short: 32 days to respond to 22 mostly multi-part questions, versus the 60-day window the Bureau provided for its 2019 TRID Rule Assessment RFI. That may be a good sign that the Bureau already has some idea of how it wants to revise these rules.
“On scope, there had been some question as to whether President Trump’s March 2026 Executive Order directed the agencies, including the Bureau, to focus exclusively on community and smaller banks. However, the RFI’s framing and specific questions make clear the Bureau is considering TRID revisions for all lenders, regardless of size or depository/IMB status. That’s welcome news for lenders who may have worried they’d be placed at a disadvantage to smaller participants.
“Much of the RFI focuses on the waiting periods built into TRID and potentially reducing them. This focus is a slight shift from the EO, which asked the Bureau to consider replacing the timing rules entirely with a materiality-based standard. The questions suggest the Bureau is considering ways to encourage creditors to issue Loan Estimates earlier in the loan process. The Bureau specifically called out comments received in the 2019 RFI concerning the difficulty of estimating transfer taxes and appraisal fees, both currently in the 0 percent tolerance bucket.
“Notably, the RFI asks how a materiality standard would affect MBS, MSR, and mortgage-asset pricing and liquidity. I think that’s a revealing question because it shows the Bureau understands lenders’ concerns with assignee liability and investor put-backs on disclosure defects — and that a complicated materiality standard might increase buyback risk compared to a more straightforward timing requirement.
“As for revisions to the right to rescind, it’s unclear how the Bureau could shorten the rescission period through rulemaking, since the three-business-day period is required by TILA and must run from consummation even when disclosures are provided before closing, and the transactions subject to rescission are defined by statute. The RFI asks commenters for suggestions on how the timing could be adjusted, which may hint that the Bureau doesn’t yet know how it would do this and is looking for ideas.
“The RFI does suggest issuing additional guidance concerning the consumer’s right to waive or modify the rescission due to a ‘bona fide personal financial emergency.’ Currently, this is not a well-defined term, and this lack of clarity has led many lenders to simply not permit a consumer to waive or modify the right to rescind. A definition of the term in the rule, or better yet a safe harbor for creditors that rely on the consumer’s stated waiver, could permit greater use of the waiver/modification when appropriate.
“Overall, in my opinion, revisions to TRID, rescission, and reverse mortgage requirements are helpful at the margins on affordability. But the bigger affordability gains would come from other rules mentioned in the EO, chiefly the Ability-to-Repay/QM Rule, which the RFI doesn’t address. Loan originator compensation is another major cost driver. The LO Comp Rule wasn’t named in the EO and is absent here but hopefully is a candidate for a future round of rulemaking addressing affordability issues.”
Vendor/third-party provider news
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AI is all over the place, but many vendors were providing services before it was a “thing.” Let’s take a random look at who’s doing what.
Everyone in mortgage is talking about AI, but are borrowers actually using it to choose a lender? According to STRATMOR’s latest MortgageCX data, not really. Less than 2 percent of refinance borrowers and just 4 percent of purchase borrowers found their lender through online search, reviews, or AI recommendations combined. Instead, nearly 90 percent still selected their lender through referrals, existing relationships, or prior experience. In his latest CX Tip, STRATMOR Director of Customer Experience Mike Seminari explores what this disconnect means for lenders. While AI may eventually reshape borrower discovery, today’s business is still being driven by trust, relationships, and customer experience. The message for lenders: Don’t ignore AI, but don’t neglect the referral networks and borrower experiences that continue to drive growth. Read “Protect Your Turf: The AI Battle Starts Now”
Here’s a question for IMB and brokerage leaders, and banks and credit unions aren’t off the hook: Is your production dependent on favorable market conditions, or built to perform through changing ones? Rates in the twos and threes are like my high school waistline-we probably won’t see it again. Even if we did, that’s not a plan. Skip Willcox, AMP, CMB®, founder of Kairos Sales Group, brings more than 24 years of experience across origination, wholesale and correspondent lending, and sales leadership. Today, he helps LOs, AEs, and sales leaders build self-generated, referral-based production through practical training in prospecting, referral partner strategy, objection handling, leadership, and execution. Connect with Skip.
MISMO released its new white paper, “From Paper to Performance: How eNotes and eClosing Streamline Liquidity” providing guidance for originators, warehouse lenders, investors, and technology providers to implement digital mortgage solutions. The white paper highlights measurable outcomes from eClosing adoption, including reduced fulfillment costs, faster time to liquidity, improved data integrity, and fewer post-closing defects. Organizations implementing eNotes can realize approximately $200 to $300 in savings per loan, while improving secondary market execution and reducing risk associated with paper-based processes.
MISMO® announced an update to the Property and Valuation Services (PaVS) Procurement Dataset Specification, providing industry participants with a modernized, data‑driven approach for ordering valuation services. The update provides guidance for exchanging valuation service orders using standardized data elements and replacing legacy form-based ordering with a flexible, data-driven approach that supports the transition to UAD 3.6.
STRATMOR Group has launched the first module of its 2026 Technology Insight® Study (TIS), the mortgage industry’s only independent benchmark measuring lender satisfaction with mortgage technology, vendor service, and support. New this year is the LOS Perception module, exploring how lenders view today’s loan origination systems and how AI, automation, and other emerging technologies are reshaping expectations for the future. The survey is open exclusively to mortgage lenders. Participants will receive a complimentary summary report featuring STRATMOR’s expert analysis of industry trends, lender sentiment, and key findings. If you’re a mortgage lender, this is your opportunity to contribute to the industry’s leading technology benchmark while gaining valuable insight into how your peers are evaluating the next generation of mortgage technology. Take the survey today.
Friday Harbor announced its integration with MeridianLink® Mortgage. The integration equips origination teams using MeridianLink® Mortgage to build clean, complete, and compliant loan files up front that move through underwriting with fewer touches.
ATTOM, provider of property data, AI-powered intelligence, and real estate analytics solutions, announced the launch of ATTOM ResiScore, an AI-powered neighborhood intelligence offering that ranks residential areas based on projected housing market performance.
nCino Inc., the platform for agentic AI banking, 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.
eRESI announced a new partnership with Guideline Guru to provide correspondent clients with complimentary access to an AI-powered tool designed to streamline non-QM guideline searches. As part of the rollout, Guideline Guru will be made available across eRESI’s seller network, equipping clients with industry-leading technology to support the growth of their non-QM business and improve operational efficiency.
Land Gorilla launched X-RAY, an AI-powered due diligence solution that protects construction lenders by delivering data-backed assessments of project feasibility, budget accuracy, contractual risk, and builder reliability. X-RAY blends AI technology with human expert reviews to give lenders a deeper level of analysis and actionable intelligence and reduce the time and cost involved in reviewing construction loans prior to closing.
Friday Harbor, an AI pre-underwriting platform that helps loan officers assemble complete and compliant loan files in real time, announced new capabilities for condominium and manufactured home loans that enable lenders to evaluate property-specific eligibility requirements before files reach underwriting.
Dovenmuehle Mortgage, Inc. announced that it is improving onboarding with its new Diagnostic Process. This approach helps DMI subservicing clients identify and evaluate organizational complexity, resource constraints, and team readiness earlier in servicing transfer workflows. Early preparation using the Diagnostic Process improves servicing transfer outcomes and increases onboarding efficiency.
Class Valuation, a leading real estate appraisal management company, announced a partnership with Makena, a next-generation property data platform designed to help enterprises collect accurate, structured, and actionable property data at scale. Through this partnership Class Valuation appraisers will gain access to Makena’s InstaPlan®, a mobile property data collection application that helps appraiser’s complete inspections in less than 30 minutes while capturing the structured property data needed for today’s appraisal reports and future UAD 3.6 requirements.
MISMO® announced the release of Fee Standardization in the Mortgage Industry, a white paper designed to showcase how MISMO’s Consumer Facing Charge and Fee Guide improves consistency, transparency, and efficiency when mortgage fees are transmitted across the loan lifecycle.
SettlementOne, a leader in credit reporting, data, and verification solutions for the mortgage industry shared its perspective on the news that Xactus has completed the acquisition of Mortgage Credit Link (MCL)™ from MeridianLink®, rebranding the platform as XedaLink™.
The new ownership structure leaves SettlementOne operations unchanged while promising expanded platform support, viewing the acquisition as an opportunity for renewed investment in a technology platform central to its operations and those of its clients.
In a small Texas town, a new bar/tavern started a building construction to open up their business.
The local Baptist church started a campaign of petitions and prayers to block the bar from opening. Work progressed, however, right up till the week before opening, when a lightning strike hit the bar and it burned to the ground.
The church folks were rather smug in their outlook after that, till the bar owner sued the church on the grounds that the church was ultimately responsible for the demise of his building, either through direct or indirect actions or means.
The church vehemently denied all responsibility or any connection to the building’s demise in its reply to the court. As the case made its way into court, the judge looked over the paperwork. At the hearing he commented, “I don’t know how I’m going to decide this, but as it appears from the paperwork, we have a bar owner who believes in the power of prayer, and an entire church congregation that doesn’t.”
Visit www.ChrismanCommentary.com for more information on our industry partners, access archived commentaries, or subscribe to the Daily Mortgage News and Commentary. You can also explore the Chrisman Marketplace, a centralized hub connecting mortgage professionals with trusted vendors and solutions. If you’re interested, check out my periodic blog on the STRATMOR Group website. STRATMOR’s current blog is “Pricing That Can Help Borrowers.” The Commentary’s podcast is available on all major platforms, including Apple and Spotify.
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(Market data provided in partnership with MBS Live. For free job postings and to view candidate resumes, visit the Chrisman Job Board. This newsletter is intended for sophisticated mortgage professionals only. There are no paid endorsements by me. For the latest mortgage news, visit Mortgage News Daily. For archived commentaries, or to subscribe, go to www.ChrismanCommentary.com. Copyright 2026 Chrisman LLC. All rights reserved. Paid job & product listings do appear. This report or any portion hereof may not be reprinted, sold, or redistributed without the written consent of Rob Chrisman. The views and opinions in this newsletter are mine alone unless otherwise specifically stated herein.)
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