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AI Underwriter™Encompass®General

Leverage AI Technology to Streamline Your Mortgage Process  

By September 22, 2023October 11th, 2023No Comments

As a mortgage lender, you know how important it is to stay ahead of the curve and provide a seamless experience for your customers. That’s why we want to introduce you to our Mortgage Automation as a Service (MaaS™️) solutions, which use AI technology to transform the mortgage industry for lenders. 


What is MaaS? 

Lender Toolkit’s MaaS suite of products automate key areas of the mortgage process, including underwriting, disclosures, and post-closing. Leveraging AI technology using our patent pending Responsible Mortgage AI engine, MaaS provides greater accuracy and speed in analyzing data. This results in making the mortgage process more fair, efficient, and accessible for everyone. 

How does it work? 

Our products are designed exclusively for Encompass® by ICE Mortgage Technology®. This means user experiences are intuitive and efficient, leading to universal adoption. Once integrated, products like AI Underwriter™ and Prism validate and analyze data from all applicable data sources, such as the URLA, credit reports, income statements, fraud reports, TQL data, appraisals, etc. This helps to speed up the underwriting process while reducing the risk of errors and missed information. 

ai technology mortgage automation

What are the benefits of MaaS? 

By automating key areas of the mortgage process, MaaS offers several benefits to lenders, such as: 

  • Improved efficiency: With AI technology handling many of the tasks typically performed by humans, lenders can process loans faster and with fewer errors, lowering costs and improving turnaround times. 
  • Enhanced accuracy: Another benefit is that MaaS can analyze large amounts of data quickly and accurately. This allows lenders can make better-informed decisions about each loan, reducing the risk of fraud or default. 

Don’t take our word for it, check out what one of our clients had to say about AI Underwriter: 

“AI Underwriter™ is a great tool, not only for underwriting but for the origination and processing staff. We have found with the installation of AI Underwriter the origination and processing staff are able to see what could be conditioned for at the time of underwriting and be proactive.” – Jill Antoine, Underwriter Manager, Mortgage 1 

So, if you’re interested in learning more about our MaaS suite of products, learn more here or contact us here.

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