Better Home, Fifth Third, Avant push bounds of agentic lending
Financial institutions and fintechs are bullish on agentic AI’s potential to transform lending processes such as underwriting, preapprovals and customer relationships. AI-native ...
Tag: underwriting
LendingClub processes nearly 90% of loans without human intervention
LendingClub is leaning on AI-powered underwriting to streamline decisioning without much human in the loop. The San Francisco-based company’s AI-powered underwriting ecosystem comprises more than 60 production ...
Friday Harbor integrates Fannie Mae’s Income Calculator to streamline underwriting
Underwriting service provider Friday Harbor integrated Fannie Mae’s Income Calculator into its AI Originator Assistant tool this month, adding efficiency to Friday Harbor’s AI-driven underwriting. Friday Harbor, whose clients include Developer’s ...
90% of Varo lending decisions derived through cash flow underwriting
NEW YORK — Varo Bank is upgrading its underwriting systems to develop deeper customer relationships and grow. The $486 million ...
KeyBank identifies 40 AI proofs of concept
KeyBank is continuing its AI and gen AI development pipeline after seeing positive effects on its operations. “We have roughly ...
U.S. Bank cautiously deploying AI for SMBs
U.S. Bank is working on AI-driven solutions for its small and medium-sized business clients to improve their operations. “By no ...
Dave posts first quarterly profit since going public
For the first time since going public in 2022, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted ...
Podcast: Deploying AI in underwriting
Eight in 10 credit union execs are looking to AI to enhance their underwriting capabilities. According to credit underwriting software ...
Podcast: Approaching AI with a plan
Financial institutions are investing in AI and, as they do, they must consider application, talent and regulation. Card issuing ...
Chase exec: 3 uses for automation, AI in underwriting
Financial institutions are identifying AI uses within their operations for coding, documentation and underwriting. Chase Auto National Credit Director Anne ...
