First US sector-specific AI mandate — QC must query which AI influenced which loan
—EU AI Act high-risk + global AI governance wave
Regulatory exposure — commonly overlooked:
Freddie requires segregation of duties + audit trails Fannie omits — lenders selling to both must build to the stricter standard. Velaru is that standard. · Multinationals built for one jurisdiction fail exams in another — one receipt architecture, many filing packs.
TAM / Exposure
$12T+ US residential origination · every GSE seller/servicer
Insurance lines
E&O · Rep & warranty · Cyber
Exhibit authority
Global External Validation — GSE AI Governance QC Audit Pack
Global leaders
Fannie Mae · Freddie Mac · Rocket Mortgage · Wells Fargo · CFPB · ISO · NIST · OECD
50 days to compliance
Inventory all AI in origination/servicing — embedded SaaS counts. Per-loan decision record or fail QC.
Fair lending discovery
ECOA adverse action requires specific reasons — AI black box without receipt = automatic CFPB referral pattern.
Vendor illusion
Lender owns GSE indemnity for vendor AI — same Mobley logic as hiring, different regulator.