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May 2024 » thefivestar.com 9 May 2024 M T E C H itive and user-friendly design, making it easier for brokers to navigate the sys- tem. Brokers can now complete tasks faster and more efficiently, providing a smoother experience for both them and their clients. » Cutting-Edge Innovation Enhance- ment: Enhanced with cutting-edge technologies, AIM becomes the first in its class to offer an innovative platform catering to both non-QM and conven- tional mortgage requirements. » Point of Sale (POS) Integration: The new POS feature enables brokers to send a direct link to the 1003 applica- tion to their borrowers without the need to log in to a separate system, streamlining the application process and improving efficiency. » Compliance and Security: A&D Mort- gage remains committed to the highest standards of data security and regulatory compliance. AIM incorporates advanced security measures and ensures compli- ance with all industry standards. "We are excited to introduce AIM to the mortgage industry. This innovative platform has been designed to provide an enhanced experience for brokers and borrowers alike, ultimately making the lending process more efficient and trans- parent," said Max Slyusarchuk, Founder and CEO at A&D Mortgage. "We believe that this technological leap will strengthen our position as a trusted partner for mort- gage professionals across the nation." BLACKFIN PROVIDES AI GUIDANCE TO MORTGAGE BANKERS B lackFin Group, a management consulting firm serving the bank- ing and mortgage industries, an- nounced that it has launched a whitepaper on AI, entitled "Artificial Intelligence (AI) in Mortgage Banking." The white paper authored by a working group comprised of senior executives from across the mortgage industry helps provide a definition for AI in the lending context. The white paper outlines AI's potential uses in the Mort- gage Industry, potential benefits, possible risks, and proposed guardrails, to inform lenders on the prospective application of AI for lending. Andrew Weiss, who serves as Partner of Technology Consulting Practice at BlackFin and who chaired the working group, said, "Artificial Intelligence is certainly a hot topic across the world and in the mortgage industry. While the base technology has been in existence for decades, recent advances in software and the power of computing hardware have allowed AI to burst into prominence. But what is AI really, are there real benefits to using this technology for the mortgage in- dustry, what are the risks, and how should we manage through the complexity? Our team has set out to provide an effective framework for the industry." Jay, Co-Founder of PrudentAI and a subject matter expert who was part of the working group, said, "AI has come a long way in recent years, but when consider- ing the sophistication of the mortgage industry, it was apparent the industry needed a baseline to build from, and this white paper helps provide that for an industry craving direction in this regard. I believe our white paper will help provide significant clarity to the lending industry for using AI moving forward." The white paper is a culmination of in- put from a wide range of veteran mortgage banking experts in both technology and at lenders who equally wanted a practical business framework for considering and using AI to its fullest potential in a very challenging industry where there will be no easy answers for AI as other working groups grapple with the regulatory rules of engagement for AI in the years to come. You can get your copy of the white paper by visiting blackfin-group.com.