AI, AB 1018 & the Future of Homeownership Education | Dave Savage, Mortgage Coach | Impact

AI is transforming homeownership — but poorly designed policy could slow it down for the very consumers it's meant to protect. In this episode of Impact, California MBA CEO Paul Gigliotti sits down with Dave Savage, founder of Mortgage Coach and co-founder of First Home IQ, for a wide-ranging conversation on how AI is actually being used to expand access to homeownership, why financial literacy is the front line of the wealth gap in America, and what policymakers need to understand before writing rules that could limit responsible innovation. Dave brings 40 years of mortgage industry experience, a front-row seat to technology transformation, and a deep conviction that AI — used right — can do something the industry has never been able to do before: deliver individualized financial advice at scale. In this episode: Why AB 1018 remains on California MBA's watch list — and what the Colorado AI law means for what may come next How AI is being used at Mortgage Coach to give borrowers auditable, compliant, real-time answers to questions like "which option is best for me if I'm staying three years?" Why millions of mortgage-ready first-time homebuyers are sitting on the sidelines because of misconceptions around down payment and credit The difference between consumer-facing AI that doesn't understand guidelines — and enterprise AI that does How First Home IQ is using AI to build financial literacy content, power Jeopardy-style games for college campuses, and take consumers from "I'm overwhelmed" to "I have a plan" Why compliance is a sales and marketing advantage — not just a cost center What Dave tells policymakers: more loan officers need to be in those rooms, and they're actually listening First Home IQ's goal: bring more California loan officers to Advocacy Day than ever before Impact is the California MBA's podcast breaking down the legislative and regulatory issues shaping the mortgage lending industry — and what they mean for your business. Subscribe for new episodes as policy continues to evolve.