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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 10 August 2024 M T E C H established a foundation for implement- ing AI capabilities across the entire orga- nization. Our engineering team has been trained in utilizing AI tools internally to enhance productivity. This has, in turn, positioned us to deliver AI capabilities and other value-add innovation to our clients even faster." As part of its directed focus on AI, Optimal Blue has channeled its decades of experience and expertise to launch three new AI-powered assistants on its CompassEdge platform. These capabil- ities—a Profitability Assistant designed for chief financial officers (CFOs), a Projections Assistant designed for capital markets leaders, and a Trade Assistant designed for leaders of a lender's trading desk—all help lenders reduce manual processes associated with profitability attribution, calculating projections, and optimizing trade selection. "Secondary teams are responsible for maximizing pipeline profitability and communicating results to their execu- tive teams, but doing so is fraught with time-consuming analyses, complex calcu- lations, and inevitable human bias," said Mike Vough, VP of Hedging and Trading Products at Optimal Blue. "We built the AI-powered assistants in CompassEdge with these pain points in mind so our clients can benefit from more accuracy and less manual work, all in favor of more basis points and greater profitability. We estimate that these assistants can help save a secondary marketing manager up to 30 hours a month in some instances—valu- able time that can instead be channeled toward more strategic work." The first new capability in Com- passEdge, Profitability Assistant, uses generative AI to write a succinct summary of the top drivers that caused a gain or loss of profitability in a pipeline, including new locks, fallout, loan sales, bulk AOT, and more. Designed specifi- cally for CFOs and other members of a lender's executive team, these summaries promote greater transparency between secondary and the C-suite. Another new capability, Projections Assistant, uses AI to predict the real-time impact of various factors on the risk profile of a hedged mortgage pipeline, including originations, fallout, loan sales, and more. Otherwise requiring a seasoned capital markets professional, Projections Assistant automates the consumption of Optimal Blue's extensive data sets and completes complex cal- culations to deliver extremely granular projections for position management. Finally, Trade Assistant uses AI to reduce the guesswork that goes into the selection of a hedge, a process that would otherwise require an experienced capital markets professional. With one click, the tool suggests a combination of sells, buys, rolls, and swaps to maximize effective- ness in alignment with a lender's hedge policy, while minimizing transaction cost. HOUSECANARY LAUNCHES CANARYAI, AN AI- POWERED REAL ESTATE ASSISTANT H ouseCanary, Inc. recently announced the beta launch of CanaryAI, a conversational AI tool designed to chat with anyone who may have questions about the real estate space and enable them to quickly and easi- ly query HouseCanary's industry-leading data and analytics platform to answer their toughest real estate questions. Historically, navigating the complex- ities of the $40 trillion U.S. real estate market has been dependent on aggre- gating disparate data sources, including public record data, county assessor data, AVMs, market forecasts, historical home sale data, rental yields, and comparable property data. Gaining access to and compiling this data can be challenging, costly, and time-consuming. Even with access to the data, finding the resources INTRODUCING The Five Star Institute's premier trade publications, DS News and MReport, have joined forces to become MortgagePoint. This new publication brings you the same exclusive news, features, interviews, and commentary you've come to expect from Five Star—now taken to the next level and all in one place. MortgagePoint is your one-stop shop for coverage of the full spectrum of mort- gage, from originations to default. Scan the QR code to sign up and learn more. THE INDUSTRY'S MOST VALUED PUBLICATIONS JOINING FORCES Magazine