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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 6 February 2025 M T E C H this endeavor. By cutting down on typical procedural durations, the system offers a quicker and more seamless route to referral and initial legal action. Important characteristics include: • Comprehensive title evaluation to ad- dress exceptions and identify defects earlier in the default cycle • Thorough collateral analyses to ensure referral readiness • Proactive filing of title claims to mitigate issues that could derail momentum • Assignment of Mortgage (AOM) chain review • Compilation of foreclosure summary packages A more detailed breakdown of benefits includes: • Cost savings: Reduction in curtail- ment risk by eliminating additional title claim charges and reducing fees from unresolved title issues • Risk mitigation: Lowering servicers' exposure to potential legal and finan- cial liabilities by identifying impedi- ments before they escalate • Time efficiency: Minimizing the window between a default event and an attorney referral, and from referral to first legal • Competitive Advantage: Improving servicers' competitive advantage by ensuring a smoother process in a dynamic market ForeSight builds on Rocktop Technol- ogies' combination of mortgage domain expertise and mastery of advanced tech- nologies such as data science, machine learning, and AI to automate: • The collection and integration of data from various sources, such as servicer platforms, public records, and title companies • Data analysis using Rocktop's proprietary logic to detect potential impediments and notify stakeholders of prioritized action items • Resolution of title defects or collater- al issues, with follow-ups and status tracking • Reporting and insights, using com- prehensive dashboards and proactive monitoring to provide visibility into progress, cost savings, and improved efficiencies BLACKFIN ANNOUNCES LAUNCH OF AI PROFESSIONAL SERVICES SUPPORT B lackFin announced that its Pro- fessional Services team is now helping independent mortgage bankers, banks, and credit unions' mort- gage teams adopt AI solutions that are specifically focused on mortgages. Based on its knowledge of AI, BlackFin is now assisting in the matching of client needs with AI solutions, as well as in the devel- opment of AI strategies, road-mapping, data audits, custom software and tool de- velopment, integration of AI systems, and vendor selection. Additionally, BlackFin is offering executive teams the AI education they desire through the perspective of an AI expert in mortgage lending. Andrew Weiss, Partner, a mortgage technology and AI industry expert who runs the Mortgage Technology Profes- sional Services and Consulting practice at BlackFin said, "Expanding our Pro- fessional Services division to support banks, credit unions, and independent mortgage bankers with their mortgage AI strategy is a natural next step for us at BlackFin. After recently launching our whitepaper study, Artificial Intel- ligence (AI) in Mortgage Banking, and the launch of our now widely requested AI Executive Training, it became clear lenders need actual mortgage bankers who are also AI experts to help guide them through the successful planning, adoption, and implementation of AI tools. Our expanded AI professional services and consulting support is committed to helping our client's sepa- rate fact from fiction, help them vet AI vendor sales speak, and ensure any AI investments in 2025 are immediately op- timized. We understand there are still some AI compliance rules our industry needs to work through in relation to un- derwriting and risk management, and our associations are focused on that, but that will take years to fully define. In the meantime, there other applications of AI that lenders must start adopting now to remain competitive." Mike McChesney, Principal AI Consultant at BlackFin added, "Lenders cannot afford to wait for its baseline origination or point of sale technology vendors to eventually design, build, and offer AI solution-based tools. Otherwise, they will be at greater risk, losing out to those mortgage lending teams at banks and credit unions who are acting now to define their AI mortgage strategy to start lowering origination costs and increasing customer satisfaction scores." DATATRACE ADDS SEARCH FEATURES AND EXTENDS AUTOMATED TITLE SEARCH D ataTrace reported that it has introduced major improve- ments to its data and product lines and extended automated title search to almost 1,000 counties. The DataTrace System (DTS) and the DataTrace Digital Gateway™ provide greater title search ac- cess, while TitleIQ™ Search Automation offers enhanced automated title search capabilities. "DataTrace has continued to significantly invest in our data assets and in building out powerful automa- tion solutions to further streamline title search and production, which has traditionally relied heavily on