FundingShield's Ike Suri on the limits of AI in fighting fraud
Briefly

Wire fraud risk in particular was present in 9.2% of the loans, the highest seen. The industry environment contributes to overall fraud risk, especially in attorney states with regulatory compliance issues.
Attorney states show higher risk concentration due to varying rules and policies. Non-attorney states have adopted common practices to protect against fraud, leading to more success.
Read at www.housingwire.com
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