Lender Technology and AI Developments
As lenders continue to update their technology, they are also exploring new tools such as Borrower Monitoring, AI Processing, DPA, and Verification Tools.
In the field of artificial intelligence, companies are teaching robots to perform household chores by paying people to fold laundry in front of them.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
History of Automation
Robots and automatic machines have been around for centuries, with the French being at the forefront of innovation 250 years ago.
Crypto Scams
Unfortunately, the rise of crypto ATMs has also led to a surge in scams, with Americans losing millions to scammers who prey on potential borrowers and investors seeking to make quick profits.
Crypto scams have attracted individuals who are more focused on making money than considering the harm caused to their victims.
Author's summary: Lenders update technology as AI and crypto scams rise.
- Events and Training are available for lenders to learn about new tools and technologies.
- Ben Teerlink, Founder/CEO of MMI, will be interviewed on the L1 show to discuss the latest developments in the industry.
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