MISMO launches FRAME AI governance toolkit

▤ Summary

MISMO launched FRAME, a responsible AI governance toolkit for the mortgage industry. The package gives lenders, servicers, and other housing finance firms policy templates, AI inventories, risk assessments, and implementation guidance. The toolkit aims to help organizations govern AI use, document decisions, and manage risk without creating new regulatory burdens. MISMO plans to refine the framework with input from regulators, investors, government-sponsored enterprises, and other stakeholders. The announcement follows growing industry pressure for a unified approach to AI governance in mortgage finance.

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