MISMO, the mortgage industry’s standards organization, launched a new artificial intelligence governance toolkit on Thursday, which is designed to help lenders, servicers and other housing finance companies manage AI-related risks while supporting innovation.

The Framework for Responsible AI in the Mortgage Ecosystem, known as FRAME, is now available to MISMO member companies through MISMO Connect.

FRAME was introduced during MISMO’s Spring Summit in Louisville, Kentucky, where lenders, servicers, technology providers and compliance professionals received an overview of the framework and its implementation tools.

The framework was developed in collaboration with MISMO’s AI Community of Practice and is intended to help details ⇒

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