AI Tech Advances

Mortgage lenders and servicers are under growing pressure to adopt AI, but most are struggling with a fundamental challenge: identifying where AI can provide the most value and then sorting out how to actually implement it.  BlackWolf Advisory Group, a mortgage servicing advisory firm, and Authority Partners, a technology strategy and software engineering firm, have formed a partnership designed to solve that problem.

One Diligence has launched its AI-powered Third-Party Review (TPR) Due Diligence platform for Chattel (Manufactured Housing) Loans, designed to streamline underwriting and support the securitization market. Leveraging advanced Artificial Intelligence and Machine Learning (AI/ML), the One Diligence platform automatically identifies, classifies, and validates the full range of documents required for chattel loan underwriting, including:

Ralo, an AI-native mortgage broker, officially launched and announced its $2.9M seed round from Y Combinator, Manresa Ventures, Pack Ventures and angels including Charles Ferguson (Oscar-winning director of Inside Job) and Ryan Frazier (Co-founder & CEO of Arrived). Ralo will use the funds to expand its product offering and launch in additional markets this year.

MISMO has launched the MISMO Framework for Responsible AI in the Mortgage Ecosystem (FRAME), an AI governance toolkit designed to help mortgage companies of all sizes establish policies, procedures, controls, and oversight for the responsible use of artificial intelligence. FRAME is now available to MISMO member companies through MISMO Connect.

Tavant, a platform-powered AI transformation specialist, announced that Primary Residential Mortgage, Inc. (PRMI), a national, independent, full-service residential mortgage lender, successfully deployed Tavant’s TOUCHLESS® AI Mortgage Automation Platform across its branches nationwide.

Mortgage Automation Technologies, Inc. (MAT), creator of The BIG Point of Sale, launched BIG AI — an artificial intelligence product suite that brings enterprise-grade, Amazon Bedrock-powered business intelligence directly into the hands of mortgage professionals.

Intercontinental Exchange, Inc. (NYSE: ICE) unveiled AI voice and chat agents currently in beta testing for its mortgage servicing solutions. The agents are designed to help homeowners answer questions about their loans and execute loan management actions within governed processes.

Dark Matter Technologies launched a new capability on the Dark Matter Developer Platform, enabling lenders to use AI agents securely within the regulated mortgage environment.

Loyola AI, a mortgage technology firm that provides a no-code platform to create customized AI agents for loan processing, integrated with LOS systems for Independent Mortgage Banks (IMBs), has created loan processing workflows that can be automatically triggered by milestone changes or at will to provide a faster, frictionless experience for loan processors without the context switching that comes from relying on separate tools.

Zeitro, a mortgage technology company, announced the availability of Scenario AI, an agentic AI designed to help mortgage professionals evaluate borrower eligibility and compare underwriting guidelines.