Lykken on Lending

As a follow up to the previous episode on Artificial Intelligence, David has invited Rich Gagliano & Soofi Safavi from Black Knight to join the program again in order to address some of the listener questions that were received after that first broadcast about Artificial Intelligence and how it can impact the mortgage industry.

We know that across nearly every industry, advanced technologies like Artificial Intelligence (AI), Machine Learning and Neural Networks are changing the way we do business, and in many cases, the way we live our lives.

Quick background of our guests…..

Richard (“Rich”) Gagliano is President of the Origination Technologies division of Black Knight, Inc. (NYSE:BKI). As the division’s leader, Rich is primarily responsible for the direction of LoanSphere^® Empower^®, Black Knight’s loan origination system for retail, wholesale and consumer-direct channels; LoanSphere LendingSpace^®, Black Knight’s loan origination system for correspondent lending; Black Knight’s LoanSphere SalesEdge^® lead management solution.

With more than 25 years of experience in the financial services industry, Rich offers a wide range of lending-product knowledge and insight. Before joining Black Knight, Rich was Senior Vice President of Direct Lending and Chief Administrative Officer at Aurora Bank. In that role, he was responsible for management of the direct-to-consumer lending platform (sales\operations) and established Aurora Bank’s internet lending channel.

Rich earned a bachelor’s degree in business administration from Southeast Missouri State University and an MBA degree in finance from Saint Louis University.

Soofi Safavi is Managing Director of the Applied AI group of Black Knight, Inc. (NYSE:BKI). As the leader of the Applied AI group, Soofi is responsible for the HeavyWater suite of transactional AI skills (products), as well as for bringing leading edge AI and edge computing capabilities to the Black Knight product portfolio.

With over 20 years of experience in mortgage and banking technology, Soofi has deep expertise in IT strategy, architecture and machine learning. Soofi was previously the CEO of HeavyWater Inc., the leading AI software provider focused on the mortgage industry, acquired by Black Knight in June, 2018. Prior to founding HeavyWater, Soofi was SVP and CTO at Radian, a leading mortgage insurance company, and a divisional CIO at Chase Bank. Soofi is an authority and featured speaker on cloud computing, agile software development and artificial intelligence.

The first half of the program will start with a TMSpotlight Soundbite from Les Parker, a macroeconomic perspective on the economy with a music parody. Then we’ll feature Joe Farr providing you a rate & market update, Alice Alvey of Union Home Mortgage providing a regulatory & legislative update followed by Allen Pollack giving us a Tech Report of the latest technology impacting our industry. Then we wrap up the first half the program with Andy Schell, a/k/a “Profit Doctor” sharing ideas on how to improve your bottom line.

We appreciate you telling others about the show!

References mentioned in this episode:

The Future of Transportation Electrification & Automation

Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers by Geoffrey Moore