The mortgage industry’s rush toward the adoption and use of artificial intelligence could risk the acceleration of inefficient processes unless lenders first modernize the underlying infrastructure powering loan origination and securitization.

That’s according to Figure Technology Solutions CEO Michael Tannenbaum, who spoke to HousingWire President Diego Sanchez at The Gathering in Austin on Wednesday. Tannenbaum argued that blockchain technology, rather than AI alone, will play a central role in reducing fraud, lowering costs and speeding up mortgage transactions.

“AI is going to make lending faster,” Tannenbaum said. “But if you just digitize a bad process, you don’t necessarily do details ⇒

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