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 Harbor Chief Executive Theo Ellis told FinAi News. After AI pre-underwrites the loan, “what you ultimately deliver to the human underwriter is a file that’s clean, complete and hopefully compliant,” Ellis said. Friday Harbor was chosen after a successful pilot of the technology at NewFed, according to Friday […]






