First American’s data and analytics division has rolled out a mortgage tool it calls AppIntelligence Score, or AI Score.
Using pattern recognition, AI Score aims to allow high-volume lenders and investors to fine-tune their identification of fraud risk in new mortgage applications or a portfolio.
“The ability to analyze millions of alerts that underwriters have cleared, and then feed that information back into the model, is what makes the AI Score one of the most sophisticated models on the market,” Robert Karraa, president of First American Data & Analytics, said in a press release.
Source: themortgageleader.com