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How can AI assist with compliance in the mortgage sector?

by | Apr 28, 2021

Many government bodies have initiated regulatory requirements in mortgage lending such as the OCC, HMDA, CVPB, FRB, NCUA, and more. These mandates are designed to improve both customer and investor protections.

As a result, mortgage lenders are tasked with developing compliant systems to manage and meet compliance. AI and automation can automate compliance processes to reduce errors and increase auditing without needing to increase resources.