This week's Tech Pulse highlighted significant advancements in technology affecting mortgage and real estate. Fannie Mae's partnership with Palantir Technologies aims to harness AI for faster fraud detection. The introduction of OLIVIA AI by DirectOffer enhances home search accessibility across languages. AI is notably shortening mortgage approval times, enhancing fairness in homeownership, as discussed by economist Kevin Gillen. Meanwhile, nCino has reduced its workforce to align with AI objectives, and MoxiWorks has sold its accounting platform to concentrate on sales strategies.
Fannie Mae and Palantir Technologies have announced a partnership aimed at utilizing AI to detect mortgage fraud swiftly, reducing detection time from months to seconds.
DirectOffer has introduced OLIVIA AI, a voice concierge that can answer property queries in over 100 languages, enhancing accessibility in the home search process.
Economist Kevin C. Gillen highlights how AI is reducing the mortgage approval process from weeks to minutes, making homeownership more efficient and fair.
MoxiWorks' sale of its accounting platform MoxiBalance to Upfront signifies its strategic shift to focus on sales and marketing tools for real estate agents.
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