Productivity, Non-QM, CRM, Automation Products; ChatGPT, AI, and the Mortgage Industry

Amidst the seemingly week mass shootings and violence, individual deaths stand out. Heartfelt condolences go out to Jennifer and Dan Gilbert, of Rocket Mortgage, over the death of their 26 year old son Nick. No parent should have to deal with the death of their child and going through the grieving process. Meanwhile, UWM’s Mat Ishbia was involved in a play during the NBA playoffs. When I was a kid, my grandmother (Edna, and the source of several of my passwords) came to live with us. When you’re 10, sharing a bathroom with an 80-year-old is, uh, memorable, for lack of a better term. But I survived, and so did she (for several years, at least) after the arrangement had ended and she moved to a retirement home. Now, many years later, the dynamics of multigenerational households are shifting. “Historically, these households entailed young adults moving back in with their parents, or aging parents moving in with their adult children. Now, a growing number of parents are moving in with their young adult children and doing so at a younger age, while still healthy and employed.” Frankly, I personally don’t see a lot of upside in that, but what do I know? (Today’s podcast can be found here and this week’s is sponsored by SimpleNexus, an nCino company and the homeownership platform that unites the people, systems, and stages of the mortgage process into one seamless, end-to-end solution. Listen to an interview with Polunsky Beitel Green's Marty Green on the Fed’s rate hike last week and what it means for borrowers and homeowners.

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