United Bank is using fintech Finastra’s AI-powered 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 ...
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 ...
Digital origination tech provider Blend Labs is developing AI tools like Autopilot to help FIs shorten loan cycle times and help ...
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 Financial Services is expanding its relationship with Amazon Web Services to accelerate AI adoption and modernize its mortgage servicing ...
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 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 ...
Mortgage lenders are looking to AI to streamline loan servicing as the market grows. "Servicing, by nature, is a low margin, difficult business to ...
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 ...
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 ...
