Palantir CEO Alex Karp said the checks can be done in a way that "protects the underlying data and protects the privacy of the people submitting their forms."

In a major step toward protecting the integrity of the U.S. housing finance system, Fannie Mae CEO Priscilla Almodovar, FHFA Director Bill Pulte, and Palantir Technologies CEO Alex Karp have joined forces in a coordinated initiative to combat mortgage fraud across the homebuying process.

Director Bill Pulte termed “something big on mortgage fraud,” Fannie Mae yesterday said it has launched an AI-powered Crime Detection Unit in partnership with software firm Palantir.