Beginning your AI FRAME-work

Ask most compliance officers if they have an AI governance policy, and the answer is yes. Ask how confident they are in it, and the certainty starts to slip. As AI adoption accelerates across every stage of the loan lifecycle, that gap between having a policy and trusting it is where the real risk sits.

In this session, Melissa Grindel sits down with Brian Vieaux, CMB, President of MISMO, to unpack FRAME, MISMO’s Framework for Responsible AI in Mortgage Ecosystems, and what it actually takes to move from a policy on the shelf to a governance process your team can stand behind.

What You’ll Learn

• How does MISMO’s FRAME help lenders move from general concern about AI to a concrete governance process?
• What belongs on your AI governance checklist for the first 30 days?
• Why does an AI use case inventory need to be distinct from a vendor inventory, and what does that distinction change about your risk assessment?
• Can strong AI governance actually be a competitive advantage with investors and loan buyers rather than a drag on innovation?
• What are state regulators and the GSEs (Fannie Mae and Freddie Mac) currently expecting from lenders when it comes to AI oversight?
• Where do you draw the line on AI inventory scope so it stays operationally functional instead of overly broad?
• If you’re starting from zero, what’s the minimum viable first step toward responsible AI governance?