What Exactly Is Automated Mortgage Underwriting? Unlisted Video
3 years ago
247
Insider Intelligence
QUICKEN LOANS
FHA Insured Loan
Underwriting
Mortgage Loan
Financial Crisis Of 2007 – 2008
Bank Of America Home Loans
Money
underwriters
artificial intelligence
AI
New digital companies are attempting to fight existing underwriters by offering fast and easy mortgage approvals.
According to Business Insider, automated mortgage underwriting has artificial intelligence (AI) do the decision-making for granting mortgages.
Quicken Loans launched Rocket Mortgage in 2015, which completely upended the mortgage underwriting system.
Automated mortgage underwriting can compare borrower information against employment databases.
It can also generate property valuations without the need for official appraisals, and reduce fraud incidents. All this saves time--and frustration.
Loading comments...
-
15:30
TechRaptor Reviews
4 years ago $0.01 earnedWhat Exactly Is Pokemon Sword and Shield's DLC Pass?
68 -
6:41
BPR
4 years agoTucker Carlson: What exactly happened to Tara Reade?
5.24K2 -
3:28
Alphamax
4 years agoNow that's exactly what our kids need
73 -
0:50
KMGH
4 years agoMortgage Matters 8/1
28 -
0:51
KMGH
4 years agoMortgage Matters 9/16
18 -
0:16
Vickismith
4 years ago $5.27 earnedSmart dog knows exactly what the word "adventure" means
5.46K -
0:40
KMGH
4 years agoMortgage Matters 7/11
15 -
3:00
WSYM
3 years agoAmerican Portfolio Mortgage - 9/29/20
8 -
1:08
Fanbuzz
4 years agoJohnny Manziel’s Net Worth Isn’t Exactly What You’d Expect
170K1 -
2:24
WXYZ
3 years agoRocket Mortgage Classic's charity impact
40