* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, September 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    What are we really gaining from technology? – Fast Company

    What Are We Really Gaining from Technology?

    TOMI Environmental Solutions, Inc. Expands SteraMist iHP Technology Services in Healthcare Sector with New Provider Partnership – Quiver Quantitative

    TOMI Environmental Solutions Accelerates SteraMist iHP Technology Expansion in Healthcare with New Provider Partnership

    Indiana County Technology Center’s Joint Operating Committee looks to the future as program plans began to take shape – Indiana Gazette Online

    Indiana County Technology Center’s Joint Operating Committee Charts an Exciting Path Forward as New Program Plans Take Shape

    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    What are we really gaining from technology? – Fast Company

    What Are We Really Gaining from Technology?

    TOMI Environmental Solutions, Inc. Expands SteraMist iHP Technology Services in Healthcare Sector with New Provider Partnership – Quiver Quantitative

    TOMI Environmental Solutions Accelerates SteraMist iHP Technology Expansion in Healthcare with New Provider Partnership

    Indiana County Technology Center’s Joint Operating Committee looks to the future as program plans began to take shape – Indiana Gazette Online

    Indiana County Technology Center’s Joint Operating Committee Charts an Exciting Path Forward as New Program Plans Take Shape

    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

CFPB Director Rohit Chopra on who’s going to benefit from mortgage automation

July 3, 2024
in General
CFPB Director Rohit Chopra on who’s going to benefit from mortgage automation
Share on FacebookShare on Twitter

Editor in Chief Sarah Wheeler sat down with Consumer Financial Protection Bureau Director Rohit Chopra for a podcast this week and the talk turned to technology and tech companies. This interview has been edited for length and clarity. Listen to the whole episode here.

Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders. To that point, let’s talk about the new CFPB rule around AVMs.

Rohit Chopra: I think appraisals are such a big issue. We want to make sure, and we saw this, you know, 15, 20 years ago — the problems with overvaluation. And then we’ve also seen issues when it comes to appraisal bias and other issues of undervaluation. We really need accurate appraisals. And that’s really how the CFPB thinks about it. And of course, human appraisals and machine-driven appraisals are going to be part of the market.

So one of the things we’ve done is try to make sure that those algorithmic-based appraisals, particularly as there’s going to be advances in artificial intelligence, really have some checks on them when it comes to conflicts of interests, when it comes to bias. And I think we’ve put forward something pretty common sense to make sure that artificial intelligence and algorithms don’t just favor some people over others.

SW: I think that AVMs are one of those issues that we can really understand, common sense-wise. If you think about all of the properties that were valued during the refi boom — so many properties went through that process and we now have a lot of information on them. How does that figure into what you want to do with AVMs?

RC: I think our work on AVMs is really just about accuracy, but I think you’re asking more broadly about the role of technology and how automation is really going to be even more part of the plumbing of the mortgage system.

I think we heard a lot of concern around some of the big vendor and software technology mergers and consolidation. We always are hearing from mortgage lenders about ICE. I think there is a growing power of a lot of these big technology providers and that’s not unique to mortgage. We’re seeing that with small banks, who are very dependent on a couple of big software platforms. We see it with auto dealers. We see it in all corners of the economy.

And I think the big question is: who’s really going to benefit from automation? Are those benefits going to be broadly shared with consumers and lenders? Or is it just going to create a couple more gatekeepers who can levy a tax on every single mortgage in the country?

SW: What do you think the CFPB’s role in that is, as you see it? The ICE merger, for instance, was approved with some changes that they made — rolling out some different parts of the Black Knight universe to other companies. So what do you think the CFPB’s role in that is?

RC: Well, understanding mortgage tech is really key. And one thing I’m hoping that more in the mortgage industry can help us think through is: what is the digital future of the mortgage market? And as many of you know, the CFPB has been putting into place more rules to promote what’s known as open banking.

Open banking is the possibility of having a more frictionless and more competitive banking system for financial products. We have started that process by giving consumers the right to permission their bank account data, their transaction account data, to permission it to various types of lenders. But we’re trying to think about ways to make the mortgage system benefit from open technologies.

One of the ways we might address the issue of the price gouging on credit reports and credit scores is maybe thinking about how consumers may be able to permission their credit reporting information directly to lenders or to be able to provide their cash flow in new ways to lenders to provide for different ways of underwriting.

There’s so much of this already going on in the industry today and I think we want to make sure we’re supporting all the efforts that are helping consumers and lenders, but not just concentrating power in a couple of big technology companies.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : HousingWire – https://www.housingwire.com/articles/cfpb-director-rohit-chopra-on-whos-going-to-benefit-from-mortgage-automation/

Previous Post

Reverse mortgage volume, securities issuance decline in June

Next Post

Google Now Requires Advertisers to Label When They Use Deepfakes in Election Ads

Coyotes Hunt Harbor Seal Pups on the California Coast – Gerraty – 2025 – Ecology – ESA Journals

Coastal Coyotes’ Unexpected Hunt: The Battle for Harbor Seal Pups

September 25, 2025

Uncovering the Hidden Risks of Suicide Among Older Men: Pathways to a Safer Future

September 25, 2025
Science Hill High School’s Feed the Hungry Club lends a hand to the community – WJHL

Science Hill High School’s Feed the Hungry Club Makes a Big Impact in the Community

September 25, 2025
Jam Wars: How the Beckhams Quietly Outshined Meghan Markle’s Lifestyle Ambitions – vocal.media

Jam Wars: How the Beckhams Quietly Outshined Meghan Markle’s Lifestyle Aspirations

September 25, 2025
What are we really gaining from technology? – Fast Company

What Are We Really Gaining from Technology?

September 25, 2025
KSL Sports Rewind: High School Football 2025 Top 25 Rankings Entering Week 7 – KSL Sports

High School Football 2025: Top 25 Rankings Heading into Week 7

September 25, 2025
These rural communities feed the world. They’re also going hungry. – Investigate Midwest

Rural Communities That Nourish the World Are Now Battling Hunger Themselves

September 25, 2025
Investors Are So Confident in the Trump Economy They’re Turning to Gold – Vanity Fair

Soaring Gold Demand Fueled by Growing Investor Confidence in the Trump Economy

September 25, 2025
Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

Indulge Your Cravings at DBA’s Taste of Downtown!

September 25, 2025
6 groups vying to lead the charge on health AI standards – statnews.com

6 Key Groups Competing to Shape the Future of Health AI Standards

September 25, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (836)
  • Economy (856)
  • Entertainment (21,732)
  • General (17,232)
  • Health (9,899)
  • Lifestyle (869)
  • News (22,149)
  • People (859)
  • Politics (866)
  • Science (16,066)
  • Sports (21,356)
  • Technology (15,839)
  • World (839)

Recent News

Coyotes Hunt Harbor Seal Pups on the California Coast – Gerraty – 2025 – Ecology – ESA Journals

Coastal Coyotes’ Unexpected Hunt: The Battle for Harbor Seal Pups

September 25, 2025

Uncovering the Hidden Risks of Suicide Among Older Men: Pathways to a Safer Future

September 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version