MISMO’s mortgage-specific AI framework isn’t the only option the mortgage industry can use for governance.

The complaint, brought by a former underwriter, accuses Equity Prime Mortgage of misclassifying underwriters as exempt from overtime under the Fair Labor Standards Act.

The GAO assessed the extent to which the CFPB implemented controls to ensure that employees of the now-defunct DOGE initiative would adhere to the bureau’s IT security rules.

The guidance reaffirms that civil rights laws allow state attorneys general to fight intentional and disparate-impact discrimination, despite actions taken by the Trump administration and federal agencies.

The bureau is accused of assigning materially less favorable, more complex, and travel-intensive work to Black examiners.

Seller impersonation and synthetic identity are increasing, according to industry experts.

StratFS, a debt-relief company at the center of the complaint, allegedly operated a scheme that collected $84 million in illegal fees.

CSBS launches advisory council; District court rejects CashCall’s arguments to overturn $134 million in restitution owed to the CFPB.

Artificial intelligence technology is creating new risks for mortgage lenders, according to experts speaking at a recent Mortgage Bankers Association conference.

While AI is offering the mortgage industry many benefits, industry experts caution that it’s also posing new risks, including falsified documents, inaccurate credit decisions and potential disruptions to servicing records.