Liz Facemire

Liz Facemire and Gabriel Acosta from the Mortgage Bankers Association share insights on how AI is transforming the mortgage banking industry. They discuss the blend of traditional underwriting with emergent AI technologies and the critical role of human oversight. Key consumer protections such as the Fair Credit Reporting Act and the Equal Credit Opportunity Act are explored, alongside the influence of state-level AI legislation. The duo emphasizes the need for transparency in AI decision-making and the importance of adapting regulations to keep pace with technological advancements.