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Revolutionizing Homeownership: Innovations in Mortgage Tech, AI, and Data
Monday, September 9, 2024 10:00 am - 3:30 pm EDT
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On September 9, the National Housing Conference (NHC) and Intercontinental Exchange (ICE) hosted “Revolutionizing Homeownership: Innovations in Mortgage Tech, AI, and Data.” The forum brought together policymakers, industry experts, and leaders to examine how emerging technologies are reshaping the housing sector, with a particular focus on advancements in mortgage platforms, Artificial Intelligence (AI), and data transparency.
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra keynoted the event highlighting the agency’s efforts to consider changes to mortgage regulations aimed at simplifying the refinancing process, lowering closing costs, and fostering competition in closing fees. Anne Marie Pippin, Deputy Director of Division of Conservatorship Oversight and Readiness, at the Federal Housing Finance Agency, moderated a discussion about the evolving role of AI in the housing sector, including its impact on housing production, market sustainability through early detection of mortgage market issues and loan risks, insurance considerations, fair valuation and lending practices, expanding access to credit, and sophisticated analysis of banking or service accessibility.
Panel Topics
Streamlining Homeownership: Innovations in Mortgage TechnologyExplore the latest innovations in mortgage technology designed to automate and simplify the homebuying process. Discover how digital solutions are reshaping banking and finance, expanding access to homeownership, and fostering clearer pathways to financing for consumers. Panelists will delve into bridging gaps between affordable mortgage products, government-backed loans, and private industry amidst a high interest rate environment, emphasizing access and modernization in the mortgage sector. Panelists (in order):Melissa Koide, CEO, FinRegLab
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Navigating AI in Housing: Current Practices and Future ProspectsExplore the evolving role of artificial intelligence (AI) in the housing sector, moving beyond experimentation to practical applications. This panel will look at current AI practices for housing practitioners and discuss future possibilities. Topics include AI’s impact on housing production, market sustainability through early detection of mortgage market issues and loan risks, insurance considerations, fair valuation and lending practices, expanding access to credit, and sophisticated analysis of banking or service accessibility. Discussion will also consider how legislation and guardrails can be crafted to protect consumers while inspiring innovation. Panelists (in order):Sarah Myers West, Co-Executive Director, AI Now Institute
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Empowering Consumers: Data Transparency in Housing DecisionsDelve into the transformative potential of advanced data transparency in empowering consumers to make informed decisions. This panel will examine how improved access to accurate information enhances consumer decision-making. that best meet their needs as customers of the housing market. Topics include ensuring clarity on monthly homeownership costs, setting realistic expectations for mortgage processes and closing costs, preparing for potential payment fluctuations, facilitating loan comparisons, and promoting fair pricing practices. Panelists will discuss necessary data protections and strategies for making information accessible and understandable to the public. Panelists (in order):Sipho Simela, CEO and Founder, Matrix Rental Solutions
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