DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1503449
MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 6 July 2023 M T E C H a confidence score and range of high and low values using ATTOM's proprietary AVM. Real estate professionals can implement Neighborhood Navigator directly on their website, giving end users access to hyperlocal community information when shopping for a home to buy or rent. Similarly, reloca- tion companies can utilize Neighborhood Navigator to provide clients with commu- nity insights, enabling individuals to make informed decisions about their move and feel more comfortable and familiar with their new surroundings. REDFIN LAUNCHES CHATGPT PLUGIN R edfin has launched a ChatGPT plugin to help people find homes that are an ideal fit for them. The Redfin ChatGPT plugin was built with OpenAI, an AI research and deployment company, and is available now for eligible ChatGPT users to install and enable from the Plugin store. People can use the Redfin ChatGPT plugin to describe their ideal home and neighborhood in everyday terms and find listings that suit their needs. For example, "I'm moving to Houston for a new job with a $150,000 salary. Show me three-bedroom homes for sale with private outdoor enter- taining space in neighborhoods with trendy restaurants." The Redfin ChatGPT plugin will answer with a list of homes that fit the bill. Users can click the links to the redfin. com listing pages, where they can book an on-demand tour with an experienced, local Redfin agent. Redfin-invented, map-based real estate search and has developed machine learning models to recommend listings and estimate home values, transforming the way people find homes to buy or rent. Now with the ad- vancement of large language models, Redfin will use AI to make that search even more personalized. "I think the most powerful way the Red- fin ChatGPT plugin can make buying a home easier today is by suggesting homes and neighborhoods that would not have been un- covered via a map-based real estate search," said Ariel Dos Santos, Redfin's VP of Product. "Through a simple conversation with the Redfin ChatGPT plugin, a homebuyer can get suggestions of homes for sale in nearby neighborhoods with similar amenities they might not otherwise have considered. This could also help home sellers get their listings in front of a wider audience of serious buyers. We're just getting started, and the Redfin ChatGPT plugin is getting more powerful every day. We're excited to find new ways to use it to make buying, selling, or renting a home simpler and more affordable." GINNIE MAE UPDATES ELECTRONIC SIGNATURE, RON POLICY G innie Mae has announced in All Par- ticipants Memorandum (APM) 23-09 that it is extending the use of elec- tronic signatures in conjunction with Remote Online Notarization (RON) to include power of attorney (POA) mortgage documents. All Ginnie Mae Issuers can now use RON to execute POA documents when necessary to obtain single-amily government-insured or guaranteed loans on "paper" mortgages. By extending digital capabilities to include POA mortgage documents, Ginnie Mae is modern- izing its mortgage-backed securities (MBS) program with flexibility that benefit Issuers and borrowers. "We are pleased that this extended program feature will benefit service member borrowers on overseas duty and other bor- rowers who cannot execute loan documents in person," Ginnie Mae EVP and COO Sam Valverde said. "Ginnie Mae is committed to meeting the homeownership needs of house- holds who cannot access the traditional brick and mortar process." Issuers must continue to follow all insuring or guarantying agency guidance regarding POA eligibility and require- ments, including the circumstances under which a borrower is permitted to use an attorney-in-fact to obtain single-family government-insured or guaranteed loans. By using RON for POA, Issuers are subject