Mortgage lender OCMBC has transferred its AI strategy in-house after several failed projects with vendors. The Irvine, Calif.-based lender looked to third parties to develop AI projects, including automated underwriting, but the projects were unsuccessful, Thomas Shaw, chief technology officer and chief marketing officer at the lender, said during the “AI Agents & Lending: Unlock Your Competitive Edge” webinar on Feb. 18 hosted by Multimodal. A lot of vendors take a “one-size-fits-all approach,” he said. “That won’t work for us.” With the failed […]






