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Kara Snow
Verified
Editor and Marketing and Communications Content Specialist, Fortune 500 Company
Phoenix
Beats
sports, music, art, entertainment
Content
By Kara Snow Verified| National Mortgage News Verified While there is clearly tremendous excitement and optimism surrounding the use of AI in the mortgage industry, there are also significant concerns, particularly regarding customer privacy and lender exposure to regulatory, reputational and business risks. This fear is not unfounded. A team of researchers at Carnegie Mellon University studying actual AI privacy incidents across industries found that AI exacerbated existing privacy risks and created new privacy risks across 12 different categories.
By Kara Snow Verified| National Mortgage News Verified If what's past is prologue, then the U.S. mortgage industry should be looking to the European Union to see what very well might be coming next in terms of AI regulation. In April, the European Parliament is expected to adopt The European AI Act: a new regulation that could very well become the framework the rest of the world will rely on as they develop their own AI regulations.
By Kara Snow Verified| National Mortgage News Verified While there is clearly tremendous excitement and optimism surrounding the use of AI in the mortgage industry, there are also significant concerns, particularly regarding customer privacy and lender exposure to regulatory, reputational and business risks. This fear is not unfounded. A team of researchers at Carnegie Mellon University studying actual AI privacy incidents across industries found that AI exacerbated existing privacy risks and created new privacy risks across 12 different categories.