Wither AI: don't count on an all-automated loan anytime soon
Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.
AI-native lending platform Copperlane lands $4.1M seed round
Copperlane, an AI-native mortgage origination platform, has raised $4.1 million in seed funding to scale an autonomous AI mortgage loan officer that aims to compress hours of document reviews into minutes, the company announced. The round was led by TQ Ventures, with participation from Y Combinator,
Markets await Warsh’s first meeting as Fed chair
Federal Reserve Chair Kevin Warsh will lead his first policy meeting next week as investors increasingly question whether interest rates could rise again if inflation remains stubbornly high. The Fed is widely expected to leave rates unchanged, but markets will be closely watching Warsh’s first pres
Pamela Heman
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