Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.

More than half of prospective buyers said they would be comfortable purchasing a home without any direct human involvement, according to an industry survey.

Tiffany To, CEO and co-founder of Ontollo, is bringing her background in enterprise artificial intelligence to the board of PennyMac Financial Services.

The deal will bring Kiavi's assets onto Figure's blockchain environment, adding $7 billion in annual volume, and more than $100 million of monthly cash flow onto its blockchain-native warehouse marketplace, Democratized Prime.

Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.

Intercontinental Exchange is among a new group of 150 enterprises to enter Project Glasswing, which has found over 10,000 software vulnerabilities since April.

Following a recent acquisition, leaders of Valon and Carrington Mortgage Services discussed benefits of the agreement and the role of tech in servicing.

The Canadian-American bank's first AI agent does the work of gathering any missing documents and verifying data for mortgage applications. 

The CEOs of JPMorganChase, Goldman Sachs and Standard Chartered said they're reducing some roles due to advances in AI, the same week the Pope spoke of the need to protect workers.  

Artificial intelligence's ability to uncover and analyze granular data across large volumes of files may result in AI agents executing trades themselves, mortgage leaders said.

Federal Reserve Gov. Christopher Waller said Tuesday that central bank researchers using Artificial Intelligence must follow security protocols designed to protect sensitive data.

Built around the company's guidelines, Rezi Mortgage Assistant helps borrowers learn about the lending process on their own terms, Newrez executives said.

The real estate technology company reduced its workforce and consolidated select vendor relationships. These moves will save the company roughly $2 million.

The lenders' examples of using generative artificial intelligence were more practical than transformational, but in any case data challenges represent a common problem.

In addition to 10 new AI agents for financial services, the company announced partnerships with software and data providers FIS, Microsoft, Verisk, Third Bridge, Fiscal AI, D&B, Experian, GLG, Guidepoint and IBISWorld.

More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage.

M&A, complementary to widespread artificial intelligence implementation, is also high on the list of upcoming priorities for new Dark Matter CEO Vikas Rao.

Nationwide names new cyber lead and IBHS expands wildfire prepared program, plus more insurtech news.