AI Advocate Joins Rocket Board Of Directors

Rocket Companies has appointed an AI-oriented independent director to its Board of Directors, according to a press release. The new addition, Alex Rampell, is a general partner at Andreessen Horowitz who focuses on fintech investments. Described as a “serial entrepreneur,” he co-founded companies like Affirm, a leader in “buy-now-pay-later,” and TrialPay, a transactional advertising and payments company that was acquired by Visa in 2015. Rampell now promotes the responsible use of AI, which he says will bring about a new era of transformation and disruption in the financial services space. “When I heard [CEO Varun Krishna] speak about the AI tools Rocket is creating, and the massive amount of data at their fingertips, I was simply blown away,” said Rampell.…

Sun West Mortgage Releases MORGAN, A Real Estate AI Personal Assistant

Is the real estate industry ready for artificial intelligence? Sun West Mortgage is betting yes. Paval Agarwal, CEO of both Sun West Mortgage and its affiliate Celligence, has created a 24/7 personal assistant A.I. platform called MORGAN, and he’s ready to teach the world how to use it. MORGAN is designed to automate certain tasks for real estate professionals, primarily in lead follow-up and marketing. Borrowers can apply for a loan through MORGAN, which analyzes their loan documents immediately to calculate their options. Potential clients will receive automatic follow-up emails and calls four days after contacting a realtor, according to information provided by company leaders. On the marketing side, MORGAN can create listings in minutes, with realtors needing only to…