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Precision partners: How AI and human expertise are elevating lending excellence
Artificial intelligence has moved from a buzzword to boardroom priority in lending. After years of hype and speculation, we’re finally seeing real transformation in how loans are processed, underwritten, and serviced. What’s most fascinating isn’t just the technology itself but the emerging pattern of success: the institutions making the greatest strides aren’t those attempting to replace human judgment with algorithms, but those finding the sweet spot where AI and expertise converge.
In every conversation I have with lenders implementing AI, the same truth emerges: the technology alone isn’t the breakthrough. It’s the thoughtful integration of advanced algorithms with seasoned lending professionals that’s creating results neither could achieve independently.
New York Times relights the fuse on NAR settlement, cooperative compensation
Debra Kamin, the Times’ real estate reporter, discussed the NAR settlement business practice changes this week on an episode of “The Daily.”
Agents share dueling opinions on off-market listings
For some agents, these private transactions are tools of exclusivity and strategy. For others, they’re a potential breach of fiduciary duty.
CFPB lets mortgage servicers collect on social media, but will they?
The CFPB’s new debt collection rule allows mortgage servicers to communicate with borrowers on social media, but the compliance risk may outweigh the potential reward.
Goldman Sachs plants its flag in the jumbo-loan gold rush
Goldman Sachs has sponsored 18 private-label transactions so far in 2021, though one bond-rating firm questioned the use of automated underwriting on some of the jumbo loans
Better.com’s CEO apologizes, but the fallout continues
Blowback to Vishal Garg’s layoff of 900 Better.com staffers on a Zoom call has been immense, even following an apology this week from the CEO.
