How Generative AI is Changing the Mortgage Process
Credit/Source: bankrate.com
The difference between generative AI and automation
Today, underwriting for most mortgages is largely automated, with lenders using tools like Fannie Mae’s Desktop Underwriter. When it comes to talking about AI, it’s important to differentiate between more commonly used automation technologies and the latest craze of generative AI, spurred on by products like ChatGPT and DALL-E.
