AI isn’t the biggest risk to mortgage lending right now. Policy misunderstanding is.

While lenders across the country are moving quickly to implement artificial intelligence responsibly, state legislators are moving just as quickly to regulate it. And when policy moves faster than the policymakers’ understanding, unintended consequences follow.

As former Cisco CEO John Chambers recently observed, “AI is moving at five times the speed and will produce three times the outcomes of the internet age.” The mortgage industry is already feeling that acceleration in real time. Artificial intelligence is rapidly reshaping how lenders detect fraud, ensure compliance, improve accuracy and deliver details ⇒

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