News & Press

AI Is Rewiring Underwriting, But Can Real Estate Trust It?

April 19, 2026

Excerpted from the article published by Bisnow

Optimism and uncertainty battled to start the year for commercial real estate, with the momentum of late 2025 colliding with the reality of a fraught early 2026. Sitting at the junction of the two are underwriters, the group of analysts, attorneys and loan officers whose job it is to evaluate risk, project cash flow and perform financial modeling.

Like many in commercial real estate, underwriters are trying to find the best ways to incorporate artificial intelligence into their workflows.

But the nature of their work means that no matter how much they rely on machines, it still has to be a human making the calls. “I wouldn’t give AI $20M to invest,” said Rob Gilman, partner and leader in Anchin’s real estate group.

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