The Title Report invited two top innovation experts to break down the complexities of artificial intelligence (AI) as part of a recent webinar.
Shawn Fox, chief revenue officer at Premier One; and Robert Zwink, chief technology officer and co-founder at Razi Title, Inc., broke down ways new AI technology helps professionals, as well as security considerations that must be taken into account.
“If you put in wrong information than the AI is learning based on wrong information,” Fox told the webinar audience. “That’s what Rob and I are trying to stress; the point of making sure you’re doing all the quality checks. At the end of the day, you’re supposed to be providing clear title to that buyer.
“If you’re producing documents using AI and not doing that quality control check, you’re leaving yourself open to litigation.”
The talk also covered:
- Definitions of common AI terms
- Practical applications of AI in title insurance, including in marketing, sales, communications, graphic design, and more
- Realistic expectations for what AI can and cannot do
- Important legal guidelines and quality control measures to consider
Whether you're curious about AI or already exploring its potential, this webinar will provide you with the knowledge to leverage this transformative technology effectively and responsibly within your title business.
The complimentary webinar can be accessed here.