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AI
technology adoption
Artificial intelligence is grabbing headlines, but many in the mortgage industry aren’t yet on board. Are you thinking about deploying any AI technology soon (for example, appraisal automation, income/employment verification, compliance management)?
No, our short-term priorities are elsewhere.
We’ve already incorporated some AI into our processes!
Yes, we’re planning to adopt some AI solutions in the coming months.
No, we prefer to have humans handle it all.
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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?
Yes, we’re expecting a boom!
No. We’re staffed just right.
No. In fact, we’re still downsizing.
Yes, but only a few positions.
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