Research on AI and Mortgage Credit Access Wins Prestigious Wharton Award – NMP Skip to main content

Research on AI and Mortgage Credit Access Wins Prestigious Wharton Award

Phil Hall
Dec 04, 2019
Photo credit: Getty Images/ipopba

The authors–Andreas Fuster of the Swiss National Bank, Paul Goldsmith-Pinkham of the Yale School of Management, Tarun Ramadorai of Imperial College Business School and CEPR, and Ansgar Walther of Imperial College Business School–explored how machine learning and artificial intelligence (AI) could either enhance or disrupt mortgage credit access opportunities among specific racial and ethnic groups. The paper examined data on more than nine million home mortgages between 2009 and 2013, and the authors concluded that African-American and Hispanic borrowers would be most likely to be disproportionately impacted by the use of machine learning in credit decisions.
“WRDS is excited to honor Professors Fuster, Goldsmith-Pinkham, Ramadorai and Walther with this Best Paper Award,” said Robert Zarazowski, Managing Director of WRDS, which is a part of the Wharton School of the University of Pennsylvania. “As machine learning advances, it is critically important to understand its real-world impact and this paper does a tremendous job of highlighting potential unequal effects across borrowers. I congratulate the researchers for their important work.”
Trevose, Pa.-based LoanLogics recently published “’Big’ AI Driven by Today's Machine Learning,” a White Paper focusing on how AI and machine learning can help mortgage lenders in reducing redundant and repetitive tasks, while ensuring data quality and upgrading the borrower experience.

Dec 04, 2019
More from
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Aug 04, 2022
ATTOM Sells Off RealtyTrac, Homefacts

Websites now the property of Nations Info; financial terms of the deal were not disclosed.

Industry News
Aug 01, 2022
UWM Among Companies Selected To Host AI Bootcamp 

Mark Cuban Foundation’s Artificial Intelligence Bootcamp initiative teaches AI concepts to underserved high school students.

Industry News
Aug 01, 2022
Ribbon Expands into Kentucky; Now In 15 States

Cash-offer fintech expands to Louisville market with partner Finish Line Realty.

Industry News
Jul 26, 2022
How Tech Can Help Mortgage Lenders Stay Ahead of Fintech Competitors

Learn to swim rather than sink against the emerging tide of competition.

Jul 20, 2022