Artificial Intelligence (AI) will fundamentally change the way we do business. But what exactly is AI, and what are these new tools like ChatGPT? What opportunities does AI present for lending? What are the risks to lenders, investors and consumers and how can the risks be properly identified and managed?
Tag: Amazon Web Services
Industry Briefs Apr. 21, 2023: AREAL.ai Releases New TRID Collaboration Tool
AREAL.ai, Los Angeles, released the Closing Disclosure Balancer Automation Tool, an AI-powered platform that allows lenders and their title agency partners to compare and balance Closing Disclosures to remain in full compliance with the CFPB’s TRID rules.
MBA Response to Recent IT Interruptions
The Mortgage Bankers Association works with several third-party servicers whose operations were briefly interrupted as a result of the AWS outage or impacted by the Log4j vulnerability. MBA worked closely with these companies in monitoring the situation as it unfolded and ensured that all MBA software and hardware products were protected.