Head of Analytics of portfolio company Ocrolus shares how lenders can reduce the impact of human bias on credit decisioning by building standardized, repeatable and observable processes facilitated by machines. By adopting technology to streamline processes, empower consumers, and embrace more comprehensive credit data, lenders will build a more efficient and inclusive mortgage system.
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David Snitkof: 3 ways to use technology to reduce bias in mortgage underwriting
There are significant challenges associated with streamlining or automating credit decisioning processes or building a pipeline to access, process and extract useful data from financial records. However, current and emerging financial technology infrastructure puts these goals within reach and makes it possible to envision a more inclusive, fair and equitable mortgage industry.
