Tech providers are raising the stakes in artificial intelligence development, and mortgage companies appear to be taking note.
With mortgage software firms posting noteworthy wins over the past several months, developers are moving forward with new initiatives and plans as they try to get ahead in AI innovation. As lenders recognize the
Following are a few of the newest tech developments and products to come from the mortgage industry this month.
Attom enhances platform with three natural-language AI tools
Real estate data provider Attom rolled out an upgrade to its AI-integration server, along with the addition of three specialized artificial intelligence agents able to correspond through conversational language.
The enhancements further fuel the Attom Intelligence platform introduced earlier this year in collaboration with Snowflake. The new agents are able to tap into the company's data and quickly deliver analysis and property insights to business customers, the firm's leadership said.
"Attom Intelligence represents our long-term investment in the future of property data and AI, bringing together AI-ready data, AI-powered analytics and new AI experiences that help organizations work smarter," said the company's CEO Rob Barber in a press release.
The three AI agents each support a specific property-intelligence segment. Attom's property and place insights tool can find and deliver information about individual housing units, parcels or neighborhoods on request.
The new data analyst agent provides answers to aggregated property or housing market inquiries, illustrating local trends and producing market comparisons.
A report generation tool takes Attom's findings and creates professional documents that include the range of variables requested by the user, including property characteristics, valuations, comparable sales and local insights.
Optimal Blue establishes AI labs
Mortgage capital markets platform and software provider Optimal Blue introduced a new hub and incubator for artificial intelligence development, designed to support the internal development of new advancements.
Optimal Blue expects the initiative will expedite AI development from concept to production thanks to the participation of mortgage lenders through workgroups and sessions. Dubbed Optimal Blue AI Labs, the new unit establishes a structure focused on identifying and evaluating new technological opportunities across its offerings, with the ultimate benefit delivered to the lending community.
"With our investment in the Optimal Blue AI Labs, we are accelerating our AI first approach, to not just deliver more agentic automation, but introduce new forms of AI,"
The company appointed Kevin Foley to serve in the newly created position of director of AI labs. Foley most recently served as Optimal Blue's director of product management.
The launch of the new initiative follows the recent debut of Optimal Blue's agentic AI-backed virtual economist tool, which produces guidance and forecasts to help mortgage participants analyze market conditions that support strategic planning. Following a soft rollout earlier this year, the Plano, Texas-based company made the tool widely available in August.
NCino unveils new way of connecting AI agents to its mortgage suite
Banking software provider nCino announced a new capability that allows its mortgage customers to link outside artificial intelligence agents directly to the nCino suite of products.
Lenders employing open-source model-context protocols, which act as universal plugs between agents powered by large language models and external platforms, will be able to execute tasks in a user-friendly manner. NCino's MCP capabilities eliminate the need for users to jump from screen to screen, with AI agents able to perform functions independently.
"With Mortgage MCP, administrative workflows that used to consume hours become a five-minute conversation," said Casey Williams, general manager of global mortgage at nCino, in a press release. "We're building for a world where lending teams state intent and the system acts, replacing clicks with commands and dashboards with answers."
NCino released MCPs for both technology system administrators and loan officers. The former will be able to perform functions, including onboarding and running compliance through a single conversation. At the same time, the protocol offers LOs the ability to check loan status, manage borrower records and order income or asset verifications on the same screen.
Informative Research upgrades its verification tool
Credit and verification software provider Informative Research introduced updates to its flagship AccountChek product, which has been rebuilt from the ground up, the company said.
The new version of AccountChek showcases a modernized infrastructure, with single sign-on available and simplified user and billing management. Upgrades will lead to faster report generation, a better borrower experience and ease in scaling up as demand rises, IR said.
Informative Research, a subsidiary of Stewart Information Services, purchased the AccountChek tool from FormFree in 2023.
"We're creating a stronger, scalable verification tool that reduces friction for borrowers, decreases manual tasks for lenders and ultimately lowers the cost of consumer data for all stakeholders," said IR President Matt Orlando in a press release.
"This next iteration of the platform represents a major step forward in our verification strategy and a significant investment in unified platform modernization."
