Artificial intelligence (AI) is poised to transform the mortgage industry. The Urban Institute submitted this comment letter to the Senate Subcommittee on Housing, Transportation, and Community Development for the record to highlight the key findings from our report, Harnessing Artificial Intelligence for Equity in Mortgage Finance. Although innovations powered by AI have the potential to promote efficiency gains across the mortgage industry, it could further entrench existing racial and ethnic disparities and even create new ones. Great care must be taken to ensure AI does not harm historically vulnerable populations while delivering on the promise of expanding their inclusion in the housing finance system. Federal policymakers can play a key role by guiding the mortgage industry to adopt AI in safe and sustainable ways.