Podcast: Customer-facing AI reshapes mortgage lending, Newrez CIO says
Mortgage lender Newrez has received a positive response to its customer-facing AI tool, signaling a shift in how people buy ...
Tag: mortgage
Transaction: United Bank boosts conversion rates by 35 percentage points with Finastra’s lending tool
United Bank is using fintech Finastra’s mortgage lending tool to improve the application process for borrowers. The new data tool, Data Insights 2.0, supports the fintech’s Originate Mortgagebot, an AI platform ...
Better.com’s Tinman AI boosts margins by 4X
Online loan originator Better.com is deploying generative AI throughout its operations and most recently integrated OpenAI into its platform. The addition of OpenAI and its gen AI capabilities improved document processing and streamlined decisioning, Vishal ...
Blend’s AI Autopilot tool can double conversion for mortgages
Digital origination tech provider Blend Labs is developing AI tools like Autopilot to help FIs shorten loan cycle times and help ...
Documented compliance with AI governance standards the next wave for fintechs
Financial institutions are no strangers to vendor selection, but AI has added a new layer to assess during due diligence and overall compliance efforts. Instead of leaving ...
Pennymac selects AWS to accelerate AI, cloud modernization
Pennymac Financial Services is expanding its relationship with Amazon Web Services to accelerate AI adoption and modernize its mortgage servicing ...
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 ...
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 ...
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 ...
