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lending

Real Estate’s Roach Motels: Buildings Where (Cash) Buyers Can Get In, But They Can’t Get Out

Star-Crossed Condo Building by Lake Calhoun [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] “Roaches check in, but they don’t check out!” –1981 TV commercial for the “Black Flag...
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Underwriting-by-Algorithm: How Long Till Computers Replace Human Loan Underwriters?

“Hello, Mortgage Loan Department?  Can I Please Speak to a Human Being?!?” “Big companies and start-ups are beginning to use learning software in higher-stakes decisions like medical diagnosis, crime prevention, hiring selections and loan approvals. The idea is that an A.I. turbocharger can be applied to all kinds of decisions, making them smarter, fairer and...
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