Business Glossary-Term List
Welcome to the MISMO Business Glossary - your online source of mortgage industry business terms and data point descriptions. Follow the links provided for Term Type; Focus Area; and Source descriptions; complete terms of authorized usage; and a more detailed description of the MISMO Business Glossary. Search tip: Use quotes for an exact search (e.g., "keyword or phrase").
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Search on:A systematic error that causes a deviation from the expected or true values in the data. It can lead to an inaccurate or unfair representation of reality and often stems from two main sources: 1)Data: Bias can arise from the way data is collected, processed, or used. For example, if a dataset is not representative of the population it�s meant to reflect, it can introduce bias into the analysis 2)Human Element: Bias can also come from the individuals who collect, analyze, or interpret the data. Personal beliefs, assumptions, or errors can inadvertently affect the outcomes of data-driven processes
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
A type of synthetic media where a person's face or body is digitally altered to appear as someone else, typically used maliciously or to spread false information. The technology leverages tools and techniques from machine learning and artificial intelligence, including facial recognition algorithms and artificial neural networks.
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
A response generated by artificial intelligence which contains false or misleading information presented as fact.
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
The extraction of information by a computer system from text or speech communicated to it in a natural language.
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
Unwanted or irrelevant information that contaminates the underlying signal, making it difficult to extract meaningful patterns or relationships from data. Noise is considered an unwanted variability that hinders the accuracy and reliability of data analysis and machine learning models.
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
The ability of AI systems to identify and classify data, objects, patterns, speech, images, or other inputs. It involves processes such as: 1) Pattern Recognition: Detecting patterns and regularities in data. 2) Image Recognition: Identifying and classifying objects within digital images and videos. 3) Speech Recognition: Interpreting and processing human speech into digital text for further analysis or action.
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
A process in natural language processing (NLP) that involves condensing a longer text document into a shorter summary. It aims to capture the most important information and express it in a concise form, making it easier to quickly understand the essence of the original text.
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
The ability of a machine or program to receive and interpret dictation or understand and carry out spoken commands.
Term Source: Artificial Intelligence Glossary
Term Type: Outcome
Focus Area: #ArtificialIntelligence
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