National Housing Conference’s Post

Released today, AI for Mortgage: “Do or do not. There is no try” As AI moves from hype to layers of solutions defined by data, the belief that using familiar approaches will create outsized results is a false narrative.  AI requires a holistic design and implementation that may look familiar—until you begin to integrate and scale.  The complete article is available at the national Mortgage Bankers Association, https://bit.ly/3XDygpu. #mortgage #AI #scalability #BFSI #innovationleadership #innovationstrategy #AIintegration

As technology moves forward, so does the mortgage process! It's all about smart implementation, harnessing AI, and machine learning where it truly makes a difference. Read this Scotsman Guide article by Xactus Chief Technology Officer, James Owens, CMT to get his insights and to learn about the crucial role Xactus is playing in advancing the modern mortgage. https://bit.ly/48Hu75Q #FutureOfMortgage #TechInnovation #AdvancingTheModernMortgage

As our team relentlessly builds our next-gen platform Dara, the use of AI and automation for both the servicer and homeowner are key tools that we are including to help further drive efficiency, accuracy, and seamless mortgage processes. And with this latest platform in Sagent’s pocket, I’m excited to participate in Aicorespot’s upcoming webinar tomorrow (9:45 AM ET) discussing the topic of digital disruption and technology’s role in revolutionizing mortgage processes. If you’re interested in attending, click the link below to register. https://lnkd.in/geEGYXxT    #sagent #corespot #ai #technology #mortgageprocesses #mortgageservicing #servicing #automation #artificialintelligence #mortgage 

Stay tuned for more innovations from Rocket Mortgage as we harness AI to streamline the mortgage process!

AI will be critical for what tech does moving forward, it will be easy to fall into "AI All The Things", but building a vision of doing it tactfully and equitably will be what makes the right companies successful. Using AI to help those that are disenfranchised, especially those during this Affordable Housing Crisis will be what sets us apart.

As the mortgage industry continues to evolve, lenders are constantly looking for ways to streamline their processes and provide a better customer experience. Enter Lender Toolkit's Mortgage Automation as a Service™️ (MaaS™️)– an innovative solution that uses artificial intelligence (AI) technology to transform the mortgage industry for lenders. Lender Toolkit's MaaS tools automate key areas of the mortgage process, including underwriting, processing, disclosures, and closing. Leveraging AI technology using our patent pending ResponsibleMortgageAI engine, LTK provides greater accuracy and speed in analyzing data, ultimately helping to make the mortgage process more fair, efficient, and accessible for everyone. "“In today’s environment, every human touch and every moment between origination and secondary delivery impact razor thin margins. My company’s ability to be profitable in any market condition is largely due to Lender Toolkit’s Maas™ Platform,” said Mark Workens, CEO of Mortgage 1 Inc | Equal Housing Lender NMLS#129386 #MortgageAutomationAsAService #MortgageAutomation #LenderToolkit

Rocket Logic demonstrates the power of applying contemporary AI to solve real-world problems. AI-generated context is key to providing meaning to data. Harnessing the power of human and machine collaboration creates opportunities for reinforcement learning. At Rocket Companies innovation is flourishing as we leverage AI to revolutionize the homebuying process. We are just getting started!

Use Case # 461: Rocket Mortgage is pioneering the mortgage industry with a model-agnostic GenAI approach. By integrating various AI models and maintaining a “human in the loop,” they enhance accuracy and speed. Key innovations include a GenAI chatbot and an AI assistant for verifying employer identities, supported by AWS and Anthropic. Learn how GenAI is transforming lending processes at Rocket Mortgage: https://lnkd.in/dvNFbQhF #GenAI #MortgageTech #Innovation #AI #RocketMortgage

In case you missed it: Rocket Mortgage announced it's patented #AI platform that can process documents and verify data points more quickly and efficiently - all leading to #mortgage closing times nearly 2.5 times faster than the industry average. Impressive stats from the press release: "Currently, Rocket Logic automatically identifies nearly 70% of the more than 1.5 million documents received monthly, resulting in a savings of more than 5,000 hours of manual work for underwriters in February 2024 alone. Rocket Logic is also highly scalable. Of the 4.3 million data points extracted from documents including W-2s and bank statements in February, nearly 90% were automatically processed, saving an additional 4,000 hours of manual work for team members." Read more in the press release and keep your eyes open for more game changing #tech to come!

𝗧𝗵𝗲 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝗖𝗼𝗼𝗽'𝘀 𝗹𝗮𝘁𝗲𝘀𝘁 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗼𝘂𝘁! Unlock the future of the mortgage industry! Our latest Knowledge Insights Report, "The Role of AI in Revolutionizing the Mortgage Industry," reveals how AI is reshaping mortgage processing, enhancing efficiency, and setting the stage for what's next. 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗸𝗲𝘆 𝘁𝗿𝗲𝗻𝗱𝘀 𝗮𝗻𝗱 𝗵𝗼𝘄 𝘁𝗼 𝘀𝗮𝘃𝗲 𝘁𝗶𝗺𝗲 𝗮𝗻𝗱 𝗺𝗼𝗻𝗲𝘆 𝘄𝗶𝘁𝗵 𝗔𝗜! Download the white paper here: https://lnkd.in/gWCb8xrr #AI #MortgageIndustry #Innovation #KnowledgeInsights #CoopAI