Amid a surge in AI adoption and mounting cybersecurity threats, only 51% of nonbank mortgage lenders say they feel fully prepared to handle compliance risk — a warning sign in an industry that’s undergoing rapid digital transformation.

That’s according to a new joint study from HFS Research and Cognizant. “Reinventing Non-Bank Mortgage Lending Journey in the Age of AI” pulled insights from 257 nonbank lenders and ecosystem partners about AI adoption and innovation.

Some of the respondents revealed that they received up to 1,700 regulatory alerts in 2024 — 25% of them with a direct business impact.

“The fundamentals of lending haven’t changed details ⇒

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