Machine learning

The Libor transition is creating huge headaches for the industry; harnessing AI technologies may be the key to tackling it.

The automated closing disclosures software aims to be "40% faster than the 'old fashioned' method," a company spokesman said.

The CFPB is giving stakeholders until Dec. 1 to file comments on a potential overhaul to its rules related to the Equal Credit Opportunity Act, which prohibits discrimination in credit and lending decisions.

The agency sought feedback on potential changes to the Equal Credit Opportunity Act. But a coalition of industry and advocacy groups want a longer comment period to afford “a greater opportunity for thoughtful public participation.”

IBM called for rules aimed at eliminating bias in artificial intelligence to address concerns which range from identifying faces in security-camera footage to making determinations about mortgage rates.

Wealthfront could roll out a debit card, automated bill pay and direct deposit in early 2020, Chief Executive Andy Rachleff said.

Brent Chandler of FormFree, Tim Mayopoulos of Blend and Tamra Rieger of Evergreen Home Loans share their Digital Mortgage 2019 highlights

Rick Lang of Freddie Mac, Tim Mayopoulos of Blend and Tamra Rieger of Evergreen Home Loans discuss the key objectives – from customer experience to system integrations – that mortgage companies are pursuing through digitalization.

Aaron King of Snapdocs, Brent Chandler of FormFree, Tim Mayopoulos of Blend, and Chris Backe of Ellie Mae talk about system fragmentation, data access issues, personnel management and other hurdles that still stand between the industry and comprehensive digitalization.

PointPredictive has rolled out IncomePASS, which uses machine learning technology to determine if the borrower's income as stated on the application is realistic.