MISMO, the real estate finance industry’s standards organization, launched the MISMO Framework for Responsible AI in the Mortgage Ecosystem (FRAME), an AI governance toolkit designed to help mortgage companies of all sizes establish policies, procedures, controls and oversight for the responsible use of artificial intelligence. FRAME is now available to MISMO member companies through MISMO Connect.
Tag: AI
AI in Servicing Compliance: Cutting Through the Hype to Deliver Real Regulatory Wins for Primary Servicers, Sub-Servicers
IndiSoft LLC President Camillo Melchiorre cuts through the noise to look at how AI is actually working for compliance departments.
MISMO Panel Tackles How to Build a Roadmap for Responsible AI
No tech topic is hotter right now–both in the mortgage industry and more broadly–than AI. Four industry experts took to the stage at the MISMO Spring Summit, held June 1-4 in Louisville, Ky., to talk about how the industry can make sure any adoption is responsible amid myriad risk.
Industry Panel Tackles AI Use Cases, What’s Next
NEW YORK–Industry leaders took to the main stage at the Mortgage Bankers Association’s Secondary and Capital Markets Conference May 19 to discuss the latest tech trends for the industry. Unsurprisingly, AI remains top of mind.
AI Is Already Influencing Your Loan Decisions. Is Your Governance Keeping Up?
AI is already a part of your lending operations. It’s screening applications, flagging risk, and powering the platforms your team relies on every day. In many cases, it’s also inside your vendors’ systems, running quietly in the background of decisions your organization is ultimately responsible for.
Ncontracts: AI Vendor Risk Ties Cybersecurity as Top Concern for Financial Institutions
For the first time, financial institutions rank Artificial Intelligence risk on par with cybersecurity as their top third-party concern, according to Ncontracts, Nashville, Tenn.
Premier Member Editorial: The Economics of Loan QC Are Changing With AI
Sei AI Co-Founder & CEO Pranay Shetty writes that quality control in mortgage lending has reached an inflection point.
MBA Statement on President Donald Trump’s Executive Order on AI
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on President Donald Trump’s executive order on artificial intelligence.
Panel Tackles AI, Customer Experience
LAS VEGAS–What impact will AI have on the mortgage banking industry? Is it a bubble? How does it fit into the customer experience?
MISMO Publishes Artificial Intelligence Glossary
MISMO, the real estate finance industry’s standards organization, announced the release of the Artificial Intelligence (AI) Glossary, a resource designed to establish a shared vocabulary for AI across mortgage finance.