As reverse mortgage lenders and servicers find innovative ways to incorporate artificial intelligence (AI) into their operations, compliance issues are likely to pop up.

Jim Brodsky, a founding member of Washington, D.C.-based law firm Weiner Brodsky Kider PC, says that AI should be categorized as an assistant but not a replacement for humans. Licensed mortgage originators and companies that delegate work to AI must be in control of the process as legal and operational challenges can follow if the relationship is inverted.

Brodsky delivered his message to attendees at this week’s Western Regional Meeting of the National Reverse Mortgage Lenders details ⇒