Borrower Intelligence, Margin Mgt Tools; MBA and Affordability; FASB Servicing Proposal; DSCR Interview

“My coworker asked me how I’m doing this morning. Yet another third party trying to steal my data!” Data travels at the speed of light. Mickey D’s is reportedly using artificial intelligence to “dynamically” price its burgers. Imagine a lender trying that! AI filled the exhibition hall at the MBA’s conference this week. I don’t use AI to write this Commentary, but perhaps I should tack “AI” onto the end of it in case I want to raise money or attract more readers. On second thought, nah, we’re good as it is. But along those lines, AI is the focal point in today’s Chrisman LLC Demo Day, the second such free showcase of third-party provider’s products for lenders at 1PM ET. (Advances in document intelligence and large language models can now address various problems, enabling AI to identify issues upfront, generate explanations in real time, validate documents and flag fraud, and even match borrowers with alternative loan products without changing existing credit standards. This may create an incremental shift toward AI-assisted decisioning.) Featuring demos from Cotality, Wilqo, MOZAIQ Agentic AI, One Diligence, Indecomm, NightOwl, and OptifiNow. Seven companies, 10 minutes each, one connected pipeline. Chrisman Marketplace members receive free demo access. Join the Marketplace to participate as a vendor. (Today’s podcast can be found here. This week’s ‘casts are presented by nCino, the platform for agentic AI in mortgage lending. nCino is helping mortgage lenders deliver a faster, simpler path to homeownership. Today’s has an interview with Polunsky Beitel Green’s Andy Duane and Tye McWhorter on DSCR lending: the growing questions around underwriting, state-by-state licensing and disclosure requirements, and regulatory and legal risk.)