CFPB turns rulemaking eye toward AI use in automated home appraisals

The Consumer Financial Protection Bureau (CFPB) this week announced the approval of a new rule that aims to govern “current and future applications of complex algorithms and artificial intelligence used to estimate the value of a home.” The rule specifically targets automated valuation models (AVMs)
Read MoreBuilding stronger communities: A blueprint for a community-centric business

In an era where businesses are increasingly expected to contribute to the well-being of their communities, finding the sweet spot between local engagement and national growth can feel like an impossible challenge. However, tailoring your business model to resonate with the communities you serve buil
Read MoreSouth River president on 2024 reverse mortgage industry’s competitive landscape

Top 10 reverse mortgage industry lender South River Mortgage is aiming to focus on its strengths. In addition to offering a proprietary reverse mortgage product option and transitioning last year from a broker to a direct lender, the company is focusing on its core business while staying engaged wit
Read MoreSeattle documents renovation programs, tax relief for aging in place

The Seattle area is a hot housing market. According to Zillow, the average home price in the Emerald City is currently $884,828, up 4.3% year over year. As home values have risen sharply, this has made the conundrum facing the area’s seniors more difficult to navigate: If they need to downsize, they
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