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Regulation hasn’t caught up to generative AI

Housing Wire

Bias, discrimination, privacy and security concerns related to consumer information are some of the biggest risks in implementing generative AI, noted Brian Stucky, lead at Rocket Ethical AI at Rocket Mortgage. “We still do not have AI-specific regulation (…) We have to operate under the Fair Lending Act.

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Real estate agents, are you a text offender?

Housing Wire

It was TMI, but LOL, I couldn’t stop laughing! Don’t confuse your recipient. Unless you’re texting a psychic, they won’t know it’s you without a little help. 5: Get straight to the point : Don’t beat around the bush in your texts. You gotta love things IRL!” ” Rule No.

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Surefire CRM error results in 600K errant, unsolicited messages: sources

Housing Wire

Our rep didn’t reach out to us, and no follow-up emails sent.” The FTC regulates antitrust concerns and also monitors companies for data privacy and security breaches. “We were in the dark for way too long. It then changed hands when ICE Mortgage Technology acquired Black Knight in 2023 for $11.8

Clients 359
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Compass acquisition could worry some California agents

Housing Wire

In a blog post, Sebastian Tonkin said the company’s terms of use and privacy policy were updated and the firm will also hire an independent privacy expert to ensure competitors’ data won’t be accessible. Unclear is whether the California MLS may renege its relationship with Glide.

Agents 370
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Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

Housing Wire

The practice wasn’t outlawed until 1968, and ongoing research at the University of California, Berkeley, School of Public Health finds that redlining affects non-white communities to this day in the form of air pollution, reproductive health disorders, and fewer urban amenities. cities — looms in the background.

Mortgage 351
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Opinion: Moving beyond tech stack integrations

Housing Wire

We are on the verge of an impending era of technology that won’t necessitate cumbersome integrations. And that’s not to mention the potential disruption to operational workflow while the integration is being put in place. It’s against that background that a promising beacon of hope is emerging.

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Opinion: Why fintech “disruption” doesn’t work in mortgage servicing

Housing Wire

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Good tech won’t fix bad processes The mortgage servicing industry, out of almost every industry, has taken the longest to innovate because of its complexity. America’s $13.3

Mortgage 316