Equipment lenders enhancing sales ops with AI agents
Equipment lenders have identified agentic AI as a force multiplier in sales operations. A good example is MAZO Capital Solutions, which is targeting a more than 50% year-over-year...
Lending
United Wholesale Mortgage’s AI-powered virtual assistant closes 80K loans in first year
It’s been one year since United Wholesale Mortgage launched its AI-powered loan officer assistant and so far the mortgage lender is seeing gains while iterating the tech to keep...
LeadX organizing UCC data to boost user sales
Equipment lender KLC Financial is seeing early success with tech provider LeadX’s AI-powered platform that now enables tracking of Uniform Commercial Code filings....
TD’s agentic AI tool doubles same-day mortgage approval rates
TD is using agentic AI for labor-intensive mortgage lending tasks including information synthesis and same-day mortgage approval. TD’s agentic AI tool, built by the bank’s in-house AI...
Lenders select Dara by Sagent for AI-driven mortgage servicing
Mortgage lenders are looking to AI to streamline loan servicing as the market grows. "Servicing, by nature, is a low margin, difficult business to...
National Funding using AI to calm anxiety among SMB borrowers
Online lender National Funding is using AI to ease borrower anxiety and meet small-business customers on their own terms. As economic uncertainty weighs on businesses, the company is...
Clear Capital bets on AI property analysis
The mortgage industry is adopting AI for underwriting, sales, origination and now property analysis. A labor productivity analysis by the McKinsey Global Institute estimates that AI...
Plaid’s AI-driven LendScore can reduce lending risk by up to 41%
Financial data aggregator Plaid created LendScore, its AI-driven credit risk tool, to provide an alternative to the slim view lenders get from traditional credit files. AI-driven LendScore is built on cash flow and behavioral data drawn from more than 1 million financial transactions each day...
Transactions: NewFed Mortgage taps Friday Harbor’s AI pre-underwriting platform
Full-service residential mortgage lender NewFed Mortgage rolled out Friday Harbor’s pre-underwriting platform. The platform identifies challenges or missing components in a loan application before it moves to a human underwriter, Friday...
Inside Look: Vine’s AI Assistant for agricultural, commercial lending
Lending service provider Vine has launched AI Assistant, which is designed to streamline commercial and agricultural lending workflows. Launched May 6, AI Assistantaims to help bank credit analysts and lending officers...
