As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.”

That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.” The paper was co-authored by several BlackFin executives and mortgage technology leaders from other organizations, including Chuck Iverson at Mason-McDuffie Mortgage and Maria Moskver at Cloudvirga.

The paper notes that “AI is not a homogenous technology” and offers a variety of uses across the mortgage details ⇒

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