Dark Matter Technologies’ Blake Gibson on how mortgage companies are using AI
HousingWire Daily
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AI in the Mortgage Industry: Challenges and Solutions
The chapter explores the divide in AI adoption between large and small mortgage companies, with a focus on Dark Matter helping smaller players leverage AI and industry expertise. It delves into challenges faced by the industry due to limited resources, regulatory concerns like bias and model drift, and measures to prevent feedback loops. The discussion also covers recent regulations such as the EU's Artificial Intelligence Act and the importance of transparency and interpretability in AI decisions within mortgage companies.
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