As regulators repeatedly press banks and fintechs to make sure their artificial intelligence models aren't "black boxes" and comply with existing law, the burden is on lenders to prove they are making such efforts.

Its broker channel will soon have access to a generative voice tool, allowing originators to update approval letters on the go.

The bot, named Cooper AI, can answer questions regarding FHA and VA guidelines.

The industry is embracing growth by hiring and implementing artificial intelligence tools in the face of significant headwinds.

Home lending and real estate-related businesses developed tools to answer loan officer questions, help write marketing copy, envision newly designed interiors and even correspond with consumers on a limited basis.

However, nearly a third of industry employees told National Mortgage News in a survey they're worried they'll lose their job because of the technology next year.

Members of the Financial Stability Oversight Council Thursday warned of increasing financial risks posed by artificial intelligence in its annual report, noting AI's potential to amplify cyber threats, induce herd behavior and even compromise bank safety and soundness.

Hear what your peers are thinking and doing as the new year approaches paired with thoughtful analysis by your National Mortgage News team.

Properties listed will pop up in the "nearby" tab of the app and customers can choose to navigate to the house of their choice.

The AI-powered feature allows consumers to change the appearance of walls, floors and countertops in home photos displayed on the brokerage's website.