Servicing, Non-Agency, AI Processing Tools; Condo Turmoil Ahead?

There’s always something in the news, whether it is Jimothy the raccoon in the Northwest, or the Canadian wildfire smoke in the Northeast which coincided with more tariffs directed at Canada. Homebuilders, and those who lend to them, know that materials from Canada are already subject to tariffs, but the new tariffs could affect building materials such as (primarily) cement, doors, heating and ventilation equipment, glass, and plywood products. Speaking of building, the artificial intelligence boom in the United States is being matched by a data center building boom. There are more than 3,000 data centers in the U.S. and another 1,500 in development, according to a Pew Research Center analysis. Properties and land are being consumed by using Eminent Domain (for the public use?), once again demonstrating the intersection of the government, law, and lending. Today, on Lender One’s Mortgage Matters at 11AM PT, Mitchell Sandler's Ari Karen discusses the mortgage litigation space, potential updates to RESPA, and storm clouds with AI from a legal perspective. (Today’s podcast can be found here. This week’s ‘casts are sponsored by JazzX, the first true end-to-end AI platform built for mortgage. From application to closing, JazzX is a new operating model that helps you scale growth, boost productivity, and transform how your team performs. Today’s has an Interview with Pivot Financial's Jennifer McGuinness-Lubbert on the importance of data integration, diversification beyond traditional Agency products to meet borrower needs, and customer-centric approaches in the evolving mortgage landscape.)