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Will the mortgage sector use AI differently relative to other industries?

by | Apr 28, 2021

Every industry that receives large datasets can benefit from AI and automation. Nonetheless, the mortgage industry is unique in terms of the massive amount of data lenders and servicers work with daily.

Additionally, many regulations and guidelines mandate how they do business. Lenders also have to be very detail-oriented when using AI to make loan decisions, especially when they need to meet compliance.