Posts
AI for Fraud Prevention: Identifying OFAC Blocked Persons
The Office of Foreign Assets Control (OFAC) maintains a list of individuals and entities that are subject to economic sanctions based on U.S. foreign policy and national security […]
Sellers Requesting Title: Moving the Title Report Earlier in the Transaction
Home sellers should be required to order the preliminary title report at the time on listing. It should be provided to potential buyers along with seller’s disclosure, lead […]
Virtual House Staging Using Generative AI
What if sellers no longer needed to stage their home to get top dollar? Staging a home is a big effort and expensive. I believe home staging is […]
AI Can Create FEMA Flood Certs for Mortgage Files
Lenders pay third party providers, such as CoreLogic, to lookup and create official Flood Certification Forms that are required in loan files. Flood plain information is public, so […]
AI Immersive Virtual Open Houses
Apple Vision Pro raised the bar in immersive mixed-use reality. This technology could be extended to real estate and provide an immersive home “walk through” experience for buyers […]
Using Biometrics and AI Computer Vision to Authenticate Borrower Identity
How do you know your borrower is who they say they are? Do you rely on a photo of their driver’s license only? This could be a fake […]
Using AI to Spot Fake IDs in Mortgage Lending
Most lending teams do not take any measures to verify that a borrower’s ID is legitimate. Teams accept a picture of a driver’s license, often emailed from the […]