"Brody Gapp LLP launched a mortgage AI governance audit practice and set a third-quarter 2026 publication date for The Mortgage Bankers AI Governance Guide, the firm announced Friday in conjunction with the Mortgage Bankers Association (MBA)'s Secondary & Capital Markets Conference in New York. The national mortgage banking compliance, litigation and AI governance law firm said its new practice is designed to test how well lenders and vendors can defend their use of artificial intelligence across the mortgage life cycle as regulatory and investor expectations around AI solidify."
"Seattle-based Friday Harbor is the first mortgage technology provider to complete Brody Gapp's Limited Attestation, according to the announcement. The engagement was initiated by Friday Harbor before any regulatory requirement and evaluated the platform across fair lending, adverse action under Regulation B 1002.9, model governance, vendor risk management, data governance, internal controls and examination readiness."
"On one side, binding AI governance requirements are already in effect at Freddie Mac, with Fannie Mae's own set of requirements coming online in August. On the other, very few lenders are positioned to produce defensible governance files today, James W. Brody, managing partner at Brody Gapp, said in a statement. Friday Harbor stepped forward as an early example for the benefit of their lender customers and the industry before any regulator forced the question."
"The Mortgage Bankers AI Governance Guide was conceived by Brody and co-authored with founding partner Ronald Gapp Jr. The firm describes it as a practitioner reference mapped to a fictional independent mortgage bank that details every material AI deployment, the governance issues that can arise, and how to make the deployments defensible. The guide includes tailored guidance for CEOs, general counsels, compliance officers, human resources, seconda"
Brody Gapp LLP launched a mortgage AI governance audit practice and announced a third-quarter 2026 publication date for The Mortgage Bankers AI Governance Guide with the Mortgage Bankers Association in New York. The practice is designed to test how well lenders and vendors can defend artificial intelligence use across the mortgage life cycle as regulatory and investor expectations develop. Seattle-based Friday Harbor became the first mortgage technology provider to complete Brody Gapp’s Limited Attestation. The evaluation covered fair lending, adverse action under Regulation B 1002.9, model governance, vendor risk management, data governance, internal controls, and examination readiness. The timing aligns with new AI oversight obligations, including Freddie Mac requirements already in effect and Fannie Mae requirements coming online in August. The guide is a practitioner reference mapped to a fictional independent mortgage bank, detailing material AI deployments, governance issues, and steps to make deployments defensible.
#mortgage-ai-governance #regulatory-compliance #fair-lending-and-adverse-action #vendor-risk-management #model-governance
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