From the outside, lending looks like a straightforward business. All you have to do is take the application from someone who wants a loan and determine whether or not you think they are a good risk for the deal and will repay the loan. Of course, it’s not that simple. It never has been.

Remember just a few years ago when companies were hesitant to embrace cloud computing? Now, cloud-based strategies are standard industry-wide. I foresee the same destiny for blockchain technologies, and the revolution is already underway.

The Mortgage Bankers Association announced that Christine Chandler, Executive Vice President, Chief Credit Officer and Chief Operating Officer with M&T Realty Capital Corp. (RCC), has been nominated to serve as MBA's Vice Chair for the 2024 membership year.

What happens when those breathtaking artificial intelligence (#AI) solutions are wrong? Moreover, when AI systems “talk” or cascade to other downstream AI systems, how can erroneous information in across data-driven, data-as-a-product solutions be recalled without influencing or cascading into blackholes of consumer chaos, frustration, and account loss?

Pharrah Jackson is a Vice President with Greystone’s Dedicated Affordable Housing Platform, responsible for assisting borrowers in financing their multifamily housing transactions. She is a member of MBA’s Affordable Rental Housing Advisory Council.

For those who attended MBA’s Servicing Solutions Conference in February, the unveiling of the delinquency data for the fourth quarter of 2022 caused quite a stir.