Palantir Technologies is partnering with Fannie Mae to improve mortgage fraud detection, achieving outstanding results compared to traditional methods. Almodovar highlighted that while investigators took 60 days to detect fraud in real loan files, Palantir's technology accomplished this in just 10 seconds. This proactive detection capability is expected to deter fraudulent activities by introducing systemic friction against bad actors. Palantir will utilize a large language model trained specifically on Fannie Mae data while ensuring that privacy and data protection are prioritized, enabling practical engagement with technology while addressing civil liberties concerns.
It took Palantir's technology 10 seconds to detect fraud in two of these files, compared to 60 days for our talented investigators.
We're going to understand the fraud and stop it in its tracks, creating friction in the system when bad actors try to engage.
Palantir can search for and detect fraud while also protecting the underlying data and the privacy of those submitting their forms.
Technology can play a critical role in preventing fraud at scale, especially where it can model professional actors' behaviors.
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