Traditional protections like title insurance and closing protection letters may leave lenders exposed to significant settlement, funding, and fraud-related losses
Tagged: Risk Management
The mortgage industry veteran previously spent a decade helping guide the wholesale lender’s growth
Old statutes, new models, and the vendor contract you signed before machine learning became operational
As regulatory scrutiny intensifies, lenders must prove AI systems are transparent, compliant, and defensible across the mortgage lifecycle
The real vulnerability in lending isn’t borrowers — it’s bad data
As lenders adopt AI tools, understanding the risks behind the technology is more important than ever
The Mortgage Bankers Association appoints veteran nonprofit finance exec as vice president and chief financial officer to lead its financial strategy and operations
Mortgage fraud risk increased 8.2% year-over-year in Q3, with an estimated one in 118 applications showing indications of fraud
While some lenders regard compliance as an expense rather than a strategic asset, Andrew Liput cautions that doing so can have devastating consequences on a company’s survival
Reluctance from consumers to trust AI tools is complicating loan closures and introducing stress points for lenders and borrowers alike