Jumbo, Processing, AI, 2nd Products; Current State of M&A and Partnerships

I don’t know about you, but a hot shower or bath always sounds good. Tech wizards, however, have created a human washing machine. I’ll pass. At this point it would be impossible to do a home loan without “technology,” and AI is all the rage. For those trying to figure out how to think about AI, or even where to start, this month’s STRATMOR piece is titled, “Artificial Intelligence in Mortgage Lending.” Should an AI loan officer be licensed? In artificial intelligence, “agentic” AI focuses on “autonomous systems that can make decisions and perform tasks with limited or no human intervention. The independent systems automatically respond to conditions to produce process results… “agents” where machine learning models that mimic human decision-making to solve problems in real time.” If a lender has a robot answering questions about programs and terms, how will regulators view that? (Today’s podcast can be found here and this week’s are sponsored by Two Dots, whose conversational screening agent replaces manual underwriting with a streamlined, end-to-end process that reduces risk and fraud while securing safer borrowers, increasing profitable loan volume, and lowering underwriting overhead. Today’s has an interview with Finastra’s MaryKay Theriault on where AI can truly strengthen trust, personalization, and underwriting efficiency without over-automation, and how the evolving intersection of tech adoption, credit policy, and market structure should shape lenders’ preparation for the next lending cycle.)