Bob Broeksmit, President and CEO of the Mortgage Bankers Association, joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to discuss the transformative impact of technology on the mortgage industry. Bob highlights the industry’s tradition of innovation, such as algorithmic underwriting and credit scoring, which has streamlined loan origination and reduced bias in lending decisions. The conversation also delves into the current interest in generative AI and how the Mortgage Industry Standards Maintenance Organization (MISMO) is creating a forum for market participants to discuss AI’s potential applications, guardrails for implementation, and the associated regulatory challenges.

Links:

• Mortgage Bankers Association
• MISMO Artificial Intelligence Community of Practice
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com