Mortgage – Wemlo introduces AI to mortgage processing
DENVER, Nov. 20, 2020 /PRNewswire/ — wemloSM, an revolutionary fintech firm that gives third-party mortgage loan processing providers has launched ATHENASM, the brand new know-how logic and intelligence behind the wemlo platform.
A 22-month-old, Florida-based startup, wemlo is reshaping mortgage loan processing within the mortgage dealer channel. Wemlo developed the primary answer for mortgage brokers that mixes third-party loan processing with an all-in-one digital platform. Its product providing is the one enterprise-grade answer of its sort within the mortgage brokerage area.
Athena is a digital assistant AI know-how developed to empower and enhance loan processing by figuring out discrepancies throughout the mortgage loan utility together with doc verification primarily based on loan sort to mitigate situations.
“By serving to to establish potential points throughout the 1003 mortgage utility earlier than it’s despatched to lender underwriting, Athena will increase effectivity for the mortgage loan originator and processor, making a systemic strategy to ensure the 1003 is full and full and file is created,” mentioned David Rogove, a wemlo co-founder. “And the cleaner the file, the much less probability of lender delays.”
This intelligence continues with the flexibility to request title and mechanically generate charges. “As Athena evolves with extra automated actions she’s going to assist make mortgage loan originators who use the wemlo platform simpler, and improve pace for clear to shut, which in flip, may help them in rising their enterprise,” added wemlo co-founder Steven Gelley.
The mortgage dealer channel is ripe for change, and wemlo’s purpose is to supply loan originators with a clear processing answer with a robust know-how basis. Eager about wemlo third-party processing providers? Go to wemlo.io to get began right now.
WemloSM is a technology-focused mortgage loan processing startup that’s reshaping the mortgage dealer channel. It developed the primary cloud service for mortgage brokers, combining third-party loan processing with an all-in-one digital platform. Its product is marketed and offered to mortgage brokerages and loan originators throughout the nation. Wemlo is a subsidiary of RE/MAX Holdings, which incorporates RE/MAX®, one of many world’s main franchisors of actual property brokerage providers, and Motto Mortgage®, the primary nationwide mortgage brokerage franchise model within the U.S.