Elaine Lee’s Post

Check out our latest customer spotlight with CMO Andrew Strickman of New American Funding, where he shares what led him to choose Writer as their generative AI solution and the success he’s had on his team. #GenerativeAI #EnterpriseAI #FinancialServices

Thursday Tech Reading: Areal.ai excels in leveraging the cutting-edge AI and NLP research to provide AI-powered products that yield substantial cost savings for lenders and title companies. Are you familiar with AI? How about NLP? If not, you can find a comprehensive history of NLP on Wikipedia: https://lnkd.in/eR28uE3q. Take a look!

From a domain point of view: AI has and is going to transform the way all tech companies do business. Some industries more than others. That is why certain words and brands work in .ai > more arbitrary terms that have value in .com. When you go to Home.ai you are going to expect a different product than Home.com, for instance. The big thing here is: an AI business needs to be distinguished as being an AI business. That is achieved with a .ai domain (or AI in the .com string if you must). Now the point: AI businesses are the most efficient businesses, technically, in the whole of human history. That is why the value is going to skyrocket even more. You no longer need vastly intricate company structures. A great domain offering the best AI solution is like having a company with 50 employees. The software/product does the metaphorical talking and the problem solving. As soon as the penny drops on this, you are going to see the market in general take off. It already is and the smart folk are strapped in. It's not going to stop now. So, conclusion: you kind of need to distinguish that your business does AI in the domain. By virtue of this, your expenses should be lower than ever, because AI does your heavy lifting. Good day ya'll.

What did the servicing community have to say about AI, credit quality, and efficiency? Check out Melissa Peregord's blog, recapping #MBASERVICING24 today to learn what's top of mind for servicers: https://lnkd.in/giD7NGDy

Couldn’t make it to our last webinar? Catch up now 📹▶️ with an on-demand replay of “Artificial Intelligence and the Future of Home Valuation”, hosted by ICE. Take a deep dive with the expert panel, featuring our very own Vin Vomero: • Ways to eliminate valuation bias using AI-powered tools • How AI accelerates the valuation process and helps you reduce costs • Ways to look out for fraud when using AI for valuation 💥Watch the replay here: https://hubs.ly/Q02jt0cL0 #VisualPropertyIntelligence #PropTech #RealEstateAppraising #ComputerVision #ArtificialIntelligence

The latest edition of InGeniusly Speaking is out: AI innovations and cautions, a challenge to a 50 year old rule, and tidbits from #MBAAnnual2024 underway in Denver! #ingeniuslyspeaking #actionableintelligence #growthmultiplier

Excellent article about Compass and AI - I particularly like the part at the bottom of the artilce which tells the story about recruiting and retention vs. machines doing the work of agents.

🏡 Are you self-employed and in the market for a mortgage? Look no further! 🎥 Check out my latest YouTube video where I introduce an invaluable tool – the Self-Employed Income Calculator for Mortgage Applications. 📊 Gain insight into how this powerful calculator simplifies tax document analysis, making the mortgage application process a breeze! Don't miss out on this essential guide - click the link below to watch now. ⬇️ If you're navigating the world of self-employment and mortgages, this video is a game-changer. Remember to like, share, and subscribe for more insightful content! 🌟 #SelfEmployed #MortgageCalculator #ProductOverview #Mitig8 https://lnkd.in/g4Uisr4G

Released today, As #AI accelerates along an exponential curve of features and intelligence, there are hidden risks and opportunities that require “#fabrics” of solutions strong enough to deliver requirements, but also robustly adaptable to unanticipated #consequences. Lacking the ability to obtain superpowers inside a phone booth, mortgage and #BFSI leaders need to change their approaches, organization, and staff all at once. #innovationstrategy #businessagility #operationalrisk #mortgage #digitalacceleration #strategicleadership

“The #share of loans in #agency mortgage-backed securities with #primary mortgage insurance #increased in 2023, #driven by #FHA volume. According to a new analysis by Inside Mortgage Trends, #Ginnie Mae #securitized $286.70 #billion of #purchase mortgages with #FHA and #VA coverage in 2023. And #FHA’s share of the #primary mortgage insurance #purchase business #grew from 25.7% #in 2022 #to 32.1%. Meanwhile, the #share of #Fannie Mae/Freddie Mac #MBS issued with #private mortgage insurance #dropped to 46.4% #in 2023 #from 52.1% a #year ago. #Texas was the #top market for #MI business in the #fourth quarter of 2023, with the #state producing $15.15 #billion of loans that were #sold to the #agencies with #some form of mortgage #insurance. “