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American Focus > Blog > Economy > Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud
Economy

Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

Last updated: May 28, 2025 4:50 pm
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Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud
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Fannie Mae, a quasi-governmental financial firm, recently announced a partnership with defense tech company Palantir to enhance its mortgage fraud detection capabilities. The collaboration aims to leverage Palantir’s technology, including elements of artificial intelligence, to proactively identify fraud within Fannie Mae’s multi-family housing business. According to Fannie Mae CEO Priscilla Almodovar, early tests have shown that Palantir’s technology can detect fraud in seconds, a task that previously took human investigators two months to uncover.

Palantir, a company that has seen its stock soar over 140% since President Trump’s election win, has been actively involved in modernizing the U.S. military and cutting costs in government operations. CEO Alex Karp emphasized that the mortgage fraud detection process will prioritize protecting data privacy and the integrity of the information submitted by individuals.

The partnership between Fannie Mae and Palantir comes as part of a broader effort to combat fraud and enhance efficiency within the housing finance sector. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, expressed interest in expanding the Palantir program to include Freddie Mac in the future. Additionally, discussions are underway with Elon Musk’s xAI firm for potential collaborations in the future.

While the exact financial terms of the partnership were not disclosed in the press release, the initiative underscores the commitment to leveraging advanced technologies to improve the integrity of the mortgage system. The announcement coincides with ongoing discussions about potentially bringing Fannie Mae and Freddie Mac out of conservatorship and transitioning them towards more independent operational models.

President Trump recently expressed his support for the two agencies, emphasizing their critical role in facilitating homeownership for Americans. He indicated plans to potentially take Fannie Mae and Freddie Mac public in the future while ensuring that the government’s implicit guarantees remain intact to instill confidence in the mortgage-backed securities market.

See also  GOP senators push to cement core Musk-inspired DOGE savings at Treasury

FHFA director William Pulte highlighted the potential for significant value creation through the public offering of Fannie Mae and Freddie Mac, which could benefit existing equity shareholders, including prominent investors like Bill Ackman’s Pershing Square. The path to public offering remains uncertain, with various options under consideration, including the possibility of the companies remaining in conservatorship.

The collaboration between Fannie Mae and Palantir represents a strategic move towards enhancing fraud detection capabilities and operational efficiency within the housing finance sector. By harnessing cutting-edge technologies and fostering partnerships with innovative firms, the industry aims to strengthen safeguards against fraudulent activities and streamline processes to better serve homeowners and investors alike.

TAGGED:FanniefraudMaemortgagePalantirpushsniffteams
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