Palantir Partners with Fannie Mae to Combat Mortgage Fraud Using AI

Washington, D.C. — Palantir Technologies Inc. has formed a partnership with Fannie Mae to develop an AI-powered initiative aimed at detecting mortgage fraud. The announcement, made May 29, 2025, marks a significant advance in Fannie Mae’s efforts to secure the housing market from fraudulent activities.

Fannie Mae, a government-backed organization that plays a critical role in the U.S. housing finance system, stated that the new AI Crime Detection Unit will leverage Palantir’s technology to examine mortgage documents for unusual activities. This collaboration aims to prevent potential losses amounting to millions of dollars due to fraud.

Fannie Mae’s CEO Priscilla Almodovar emphasized the importance of proactive fraud detection, stating, ‘By integrating this leading AI technology, we will look across millions of datasets to detect patterns that were previously undetectable.’ The partnership is expected to enhance Fannie Mae’s capabilities to identify suspicious transactions quickly and efficiently.

During a press conference, Almodovar shared that the Palantir technology could pinpoint fraudulent activities in a matter of seconds, a stark contrast to the months it typically takes human auditors to scrutinize similar data. This speed is crucial for timely intervention in fraudulent cases.

Bill Pulte, director of the Federal Housing Finance Agency, mentioned that should this initiative prove successful, Fannie Mae’s sister organization, Freddie Mac, could implement a similar system to further enhance fraud detection efforts in the mortgage industry.

Palantir has received substantial federal funding since the Trump administration, including over $113 million in contracts with various agencies such as the Department of Homeland Security and the Pentagon. The company is also exploring collaborations with other agencies like the Social Security Administration and the IRS.

Palantir’s technology is designed for large-scale data analysis, and its role in government and commercial sectors continues to expand, as evidenced by this latest partnership.