Stop Paying $40 for a $1 Bill! | MAP Ep. 1

Send us Fan Mail Stop Paying $40 to Win $1: Avoid Rent-Seeking With AI in Mortgage In the first episode of the Mortgage AI Podcast, Frazier introduces the transition from the MLO Project to the Mortgage AI Podcast and explains his goal of helping loan officers use AI to create real leverage, not just surface-level hype. He shares a game-theory example from economist Martin Shubik’s 1971 “$1 bill auction,” where rational bidding escalates until people pay far more than the prize a dynami...