Mail-related check fraud never seems to go away, and the FBI reminds us that blue gel pens certainly help in reducing check fraud. “Rob, are you hearing that the increase in the popularity of artificial intelligence has led to an increase in mortgage fraud?” Yes, I have. It can be insidious it may not show up until months or years have passed. Investors are becoming more and more wary. AI proponents say, however, that AI can be very good at detecting fraud. So, you decide. Few mortgage court cases ever make it to a jury to decide anything, but the industry is watching a class action lawsuit that alleges Rocket Companies and its subsidiaries illegally steered homebuyers to its in-house mortgage and title services. (Today’s podcast can be found here and this week’s ‘casts are sponsored by Optimal Blue. The only end-to-end capital markets platform built to power performance, precision, and profitability. Modern. Proven. Optimal Blue.
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