Ralo, an AI-native mortgage broker founded by two former Google employees, has raised a $2.9 million seed round to expand its automated home loan platform.

UWM launches doctor loans for medical professionals, offering low or no down payments, no mortgage insurance and flexible student debt rules.

Company claims a coordinated scheme to poach staff, steal trade secrets and divert more than $31 million in loan volume.

Mortgage credit availability ticked up 0.1% in May as jumbo programs loosened slightly and government and conforming credit held steady.

Optimal Blue said May rate-lock volume fell 9% as the 30-year rate rose to 6.44%, purchase share was 81% and ARM share hit 11%.

Achieve raised its fixed-rate HELOC cap to $700,000 and lowered the starting APR to 5.5%, with up to 90% LTV and 50% DTI.