Mortgage lenders overwhelmingly cited improving operational efficiency as their primary motivation for adopting Artificial Intelligence/Machine Learning, reported Fannie Mae, Washington, D.C.
Tag: Artificial Intelligence
Clarifire’s Jane Mason: To Survive, the Fittest Organizations Need AI—But That’s Not All
AI holds the potential to unleash productivity throughout the mortgage lifecycle by bringing the origination and servicing sides of the business together.
How to Leverage Document AI for Unparalleled Efficiency in Loan Production and Loan Servicing June 27
*This is a sponsored webinar. Please be advised your contact information will be shared with the sponsor.* Loan production and servicing costs are at an all time high, with back …
Mortgage Cadence EVP of Services Jim Rosen: Seeing the Return From Our AI Investments
When we think of the investments that companies are making in new AI-powered software, the big tech firms spring to mind first. With Google investing over $300 billion and Facebook and Microsoft close behind, it’s clear that someone thinks “thar’s gold in them there mountains.”
Banking, Financial Services Set to Become Largest Investors in AI
The real estate finance industry has long suffered a reputation for lagging other sectors in technology adoption. That perception could soon change, said JLL, Chicago.
CFPB, Federal Agencies Warn of AI Bias Risks
The Consumer Financial Protection Bureau and three other federal agencies on Tuesday issued a joint statement cautioning financial firms that use of artificial intelligence could increase risk of bias and civil rights violations.
#MBATech23: Managing AI with the ‘Father of IBM Watson’
SAN JOSE, Calif.—Manoj Saxena, Chairman of AI Global, London, is perhaps best known as the “Father of IBM Watson,” the ubiquitous face of artificial intelligence. Now, his goal is to manage technology—and use AI as the business model of the future.
MBA Urges Federal Agencies to Clarify How AI Technologies Apply to Regs
The Mortgage Bankers Association last week asked federal regulatory agencies to clarify how existing fair lending and the Equal Credit Opportunity Act adverse action notification requirements apply to Artificial Intelligence technologies.
Allen Price: Don’t Let Natural Disasters Become Servicing Disasters
Natural disasters have become seemingly commonplace, as every season seems to bring a major storm, flood, hurricane or wildfire somewhere in the country. These events obviously have devastating impacts on homeowners. But on one level or another, they have also revealed weaknesses among mortgage servicers and their ability to respond appropriately.
Jane Mason of Clarifire on Natural Disaster Planning and Mortgage Servicing Compliance
Jane Mason, CEO and founder of Clarifire, St. Petersburg, Fla., brings process capabilities to businesses in multiple industries, particularly mortgage servicing.