The use of generative AI can enhance the housing industry by providing innovative solutions in consumer experience, creditworthiness assessment, operations, and compliance for renters and homebuyers.
FHFA's 2024 TechSprint highlighted 12 teams focusing on gen AI, presenting solutions for multifamily renting, risk management, operations, and compliance in housing, emphasizing the need for accurate and up-to-date data.
AI solutions like Domino.AI aim to streamline the rental process by offering tenants personalized readiness ratings through credit reports, background checks, and preapproval at different price points, enhancing affordability transparency for renters.
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