Artificial intelligence
Artificial intelligence
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The National Community Reinvestment Coalition and four fintechs want the agencies to act on the White House's executive order on artificial intelligence.
September 30 -
Sen. Edward Markey warns that biased AI algorithms are making decisions that deny mortgages to Black people.
September 24 -
Using AI inferences to sensitive questions based on limited data within the mortgage industry could easily result in fair servicing violations if they, for example, prompted repeated outreach attempts to borrowers based on protected characteristics, writes the
September 24 -
Mark McArdle advised attendees to remain cautious about the reasons behind implementation of artificial intelligence.
September 10 -
Leaders from Mr. Cooper, Better, Fannie Mae, Freddie Mac, the FHFA and more gathered at the National Mortgage News Digital Mortgage Conference to discuss key strategies for the lower rate environment most expect is ahead.
September 10 -
Ziggy Jonsson, SVP of engineering at Better, talks about the shop's technology and what the future holds for AI innovation.
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First Electronic Bank is using technology from Spring Labs to analyze its fintech partners' customer communications and identify problems.
September 5 -
With Tidalwave receiving its first approvals for integrations with automated underwriting systems, its CEO explains why the current environment represents a good opportunity for a new mortgage startup.
September 5 -
Researchers from Lehigh University concluded that telling commercially available language learning models, like ChatGPT, to "use no bias" significantly minimized it.
August 26 -
The industry would benefit from a measured approach that eventually builds in-house expertise without overreliance on vendors, experts said.
August 22 -
If efforts to make AI-based loan decision models less discriminatory degrade accuracy, that is problematic for the entire industry.
August 22 -
The lender and servicer saw origination volume jump to $6.5 billion as of June 30, up from $3.9 billion the previous quarter.
August 8 -
United Wholesale Mortgage, Celink, Cenlar and others are utilizing artificial intelligence to streamline call center operations.
August 5 -
Financial institutions have trouble pinning down a common definition of AI and figuring out which of their processes incorporate the technology. That can lead to trouble with regulators.
August 1 -
Four conceptual applications were chosen that address pain points in single and multifamily housing.
July 29 -
Witnesses from companies across financial services and housing, including a credit union and a core services provider, attested to the value of AI in fighting fraud and boosting customer service at a hearing in the House of Representatives.
July 23 -
The tool will streamline the LOs search for company mortgage offerings, guidelines and product-related questions, Guild said.
July 22 -
Efficiencies drive greater mortgage interest in careful use of artificial intelligence for marketing and research compared to others in financial services.
July 8 -
The Consumer Federation of America and Consumer Reports sent a letter to the Consumer Financial Protection Bureau urging it to require banks to search for less discriminatory models. Later the same day, the CFPB issued a report saying it's doing just that.
June 27 -
The announcement comes as the bureau's director regularly voices doubts about whether algorithmic models can be entirely nondiscriminatory and warns companies of potential enforcement from violations.
June 25

















