Artificial intelligence and machine learning technology are currently being used by 26 percent of lenders surveyed by Fannie Mae. The government-sponsored enterprise also found that the share of lenders using such technology could hit 60 percent within two years.
Nonbank lenders licensed by state regulators have seen their share of the mortgage originations market grow dramatically over the past five years, according to a new Inside Mortgage Finance analysis. [Includes one data chart]
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