MBA Response to NIST Request for Information ( RFI) on Artificial Intelligence
National Institute of Standards and Technology
A wide variety of processes and services are utilized in the mortgage lending process.Discussions regarding the use of AI for these processes have been occurring for severalyears. It is expected that additional research into the potential use of AI will continue.The Mortgage Industry Standards Maintenance Organization (MISMO®)3 is the standardsorganization for the mortgage industry. MISMO develops standards to improvecommunication and interoperability across the entire industry ecosystem. MISMO facilitatescollaboration among industry peers using a voluntary consensus process. In somecircumstances, MISMO may adopt standards developed by other standards organizationsrather than developing its own...read more here!