Palantir CEO Alex Karp said the checks can be done in a way that "protects the underlying data and protects the privacy of the people submitting their forms."

Palantir and Fannie Mae are teaming up to use AI to find fraud in the US mortgage market. Shares of both companies have rallied in the second Trump era.

On the heels of news that it could soon go “public,” Fannie Mae has launched a partnership with artificial intelligence firm Palantir. The mortgage behemoth has announced the Crime Detection Unit, an AI-powered tool created along with Palantir.