A new generative artificial intelligence tool from Ncontracts can assist in summarizing lengthy agreements with fintech partners and identifying important clauses.

The integration of Rocket's AI-backed tool on Apple's newest product, Apple Vision Pro, is the second tie-in with the tech giant in the last three months.

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.

Sergey Dyakin, CIO of Celink, outlines the nuances of implementing new technology in the HECM servicing business

During a second day of comparatively mild questioning from lawmakers in semiannual oversight hearings, Consumer Financial Protection Bureau Director Rohit Chopra said artificial intelligence could exacerbate existing weaknesses in the financial system without tighter protections.

Katherine Campbell, the founder of Leopard Job and former chief marketing officer at AnnieMac, foresees that many back-end jobs will cease to exist as new technologies take over.

With increasing focus on artificial intelligence in mainstream culture, the home lending field is making progress to adopt it across a variety of functions in the business. Here we round up a few recent developments in the space.

Experts across the financial services space hold that the White House's new mandates won't bring wholly new rules to the industry, but will hopefully explain what the path forward for governing agencies will look like.

Incorporating an artificial intelligence chatbot into its internal search engine tool is part of a "bigger narrative" that will unfold in months to come, the company's chief information officer said.

President Biden has directed government agencies to develop new rules on protecting privacy and security, preventing intellectual property theft, reducing bias and more in banks' use of artificial intelligence models.