Examining Artificial Intelligence (AI)-Powered Mortgage Through the Lens of Federal Law
Mortgage lenders are increasingly developing and deploying artificial intelligence (“AI”) tools, including generative and agentic AI capabilities, across a broad range of operational and governance functions. Indeed, some broader definitions of the term “AI” encompass algorithmic decisioning tools like Desktop Underwriter and Loan Prospector that have been used by mortgage companies for decades.
The rapid adoption of AI across the mortgage industry presents both significant opportunities and complex legal and regulatory challenges that demand thoughtful, proactive engagement from industry participants.
More Artificial Intelligence (AI) Resources
- AI in the Mortgage Industry
- Myths and Facts about AI in the Mortgage Industry
- MBA Education has a full suite of AI courses and webinars to ensure your organization is up-to-date with the latest technology trends. View upcoming training opportunities.
This paper was prepared for MBA by Orrick, Herrington & Sutcliffe, LLP. MBA would like to acknowledge and thank all the members who have contributed to this workstream and helped offer incredible insight into AI’s adoption into the mortgage process.
For more information on MBA's AI initiatives, contact Gabriel Acosta.