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. Considering that many big thinkers consider AI could have the same sort of impact on humanity as did fire or the wheel, the possibilities are staggering. But what about for those of us in the mortgage industry?
In this episode, David Lykken has a conversation with Rich Gagliano & Soofi Safavi from Black Knight to discuss how they’re bringing the transformational power of AI to the mortgage world.
Quick background of our guests…..
Rich Gagliano, President of Origination Technologies and Soofi Safavi, Business Operations Executive, Black Knight
Rich is responsible for the direction of LoanSphere® Empower®, Black Knight’s loan origination system for retail, wholesale and consumer-direct channels; as well as Black Knight’s other systems to support correspondent lending and lead management.
Soofi is the business operations executive for Black Knight leading the team helping to integrate artificial intelligence into Black Knight’s origination technologies.
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.
Topics covered in this interview:
- Background on Artificial Intelligence (AI) and machine learning
- What is AIVA, and how she’s helping mortgage origination
- Black Knight’s plans for such a transformational technology
- Is AIVA a solution for the top 10 or 20 lenders and servicers in the nation? Or is this something that can be of benefit for companies across the spectrum?
- How to incorporate AIVA into the processes
- What’s next with Black Knight
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!
Excerpts from this Episode:
Listen: The new movement of AI is allowing us to offset the repetitive tasks…
Listen: I think about AI as the over arching umbrella..
Listen: Helping Lenders reduce costs and become more efficient…
Listen: The key difference that AIVA is capable of…
Listen: What AIVA can bring to mortgage origination…
Listen: What AIVA can bring to ALL lenders…
Listen: It’s about quality, a key point with AIVA…
Resources mentioned in this episode: