Nov21619 Best AI-Driven Automated Underwriting Software 2021: FundMore.ai With the aim to digitalize real estate, FundMore provides mortgage lenders with the most state of the art and comprehensive loan organization system in the industry that allows lenders to automate their processes. Recognized for providing the Best AI-Driven Automated Underwriting Software, FundMore has created innovative product developments that offer hybrid solutions to lending partners across the nation. Established in 2018, FundMore is a relatively young company that has produced breakthrough innovations taking over the industry. Currently, FundMore has two core products, Fundmore AI (LOS) and Fundmore IQ (Advance Document Management), that can provide instant credit decisions, automate document acquisition, and manage due diligence. While new to the sector, the firm has created ground-breaking achievements in the way of offering lenders and brokers access to its advanced and highly secured document management platform. In addition, these technologies were utterly automating the process through mobile, website and application platforms. “We augmented our core offerings by launching the FundMore AI and Fundmore IQ, together with a complete loan underwriting system. Additionally, we will shortly be launching FundMore ETH to support a complete trusted end-end mortgage process leveraging blockchain,” explains FundMore CEO Chris Grimes. Recognized as a multi-award-winning underwriting system leveraging the power of automation, analytics and machine learning, supporting MICs, Credit Unions and Banks with the most advanced cloud-native technology. An entirely innovative development of highly configurable technology to each lender and designed to improve the accuracy of the information provided to eliminate the resubmission of files. “There is an old way of doing things, and a new way, and FundMore is at the forefront of the latter,” Chris explains. According to Chris, “Each file is scored with our proprietary Fundmore score, which offers more insight into each applicant and a recommendation based on customizable lender guidelines and policies. In addition, the entire platform has out-of-the-box configurable workflows, multichannel communication, document generation and provides a fully auditable and transparent transaction for compliance.” The aforementioned core product of ‘Fundmore IQ’ is Canada’s first AI-driven automated condition validation system that provides enhanced document acquisition with frictionless, mobile and desktop environments for lenders, brokers and borrowers. Chris explains the details of Fundmore IQ, stating, “Our product can use machine learning to classify, sort, digitize, label, extract data, and analyze all types of documents - furthering the analytics and data required to make informed mortgage decisions.” Notably, Fundmore products can reduce human errors, increase adjudication speed, and assist in driving a completely autonomous loan origination process. Overall, the company’s mission is to provide an entirely underwritten mortgage decision within minutes. Thus, its state-of-the-art innovation and technological advances within the sector have brought great appreciation and overwhelming success for FundMore. Currently, FundMore is accumulating data from its third-party partners and combining it with the firms developed technology to analyze physical documents quickly and subsequently digitize, recognize, extract, sort and validate the data to confirm the mortgage conditions. “From our inception, we have been focused on providing a simpler mortgage experience for Canadians by being the leader in mortgage process automation,” explains Chris. Hence, FundMore has pushed through boundaries to make headway, leading the industry one innovative technique at a time. With a collection of valuable products, FundMore has been internationally regarded for its efforts and highly respected within its field of expertise for doing exactly what they initially set out to be – becoming the leaders in mortgage process automation. “Nothing moves quickly in the mortgage industry. It is dominated by outdated technology, and lenders have unmet needs, creating lengthy and inefficient processes. Therefore, we developed an AI-driven underwriting software that allows for confident lending with reduced risk,” boasts Brad Cartier, FundMore’s Head of Marketing. Currently, a surge in the real estate industry has fast-tracked the desire and need for efficient lending – which is precisely where FundMore can support the industry and lead it with technological innovations that are set to bring the real estate industry forward. For FundMore, significant changes are on the way. In 2022, the firm aims to deliver a mortgage providence system that leverages the power of blockchain technology and other DeFi principles. These new products will support capital markets and grant them greater visibility and enhanced trust within secondary mortgage transitions. Company Name: FundMore Contact Name: Brad Cartier – Head of Marketing Web Address: https://fundmore.ai/ Contact Email:
[email protected] Nov21619 Best AI-Driven Automated Underwriting Software 2021: FundMore.ai With the aim to digitalize real estate, FundMore provides mortgage lenders with the most state of the art and comprehensive loan organization system in the industry that allows lenders to automate their processes. Recognized for providing the Best AI-Driven Automated Underwriting Software, FundMore has created innovative product developments that offer hybrid solutions to lending partners across the nation. Established in 2018, FundMore is a relatively young company that has produced breakthrough innovations taking over the industry. Currently, FundMore has two core products, Fundmore AI (LOS) and Fundmore IQ (Advance Document Management), that can provide instant credit decisions, automate document acquisition, and manage due diligence. While new to the sector, the firm has created ground-breaking achievements in the way of offering lenders and brokers access to its advanced and highly secured document management platform. In addition, these technologies were utterly automating the process through mobile, website and application platforms. “We augmented our core offerings by launching the FundMore AI and Fundmore IQ, together with a complete loan underwriting system. Additionally, we will shortly be launching FundMore ETH to support a complete trusted end-end mortgage process leveraging blockchain,” explains FundMore CEO Chris Grimes. Recognized as a multi-award-winning underwriting system leveraging the power of automation, analytics and machine learning, supporting MICs, Credit Unions and Banks with the most advanced cloud-native technology. An entirely innovative development of highly configurable technology to each lender and designed to improve the accuracy of the information provided to eliminate the resubmission of files. “There is an old way of doing things, and a new way, and FundMore is at the forefront of the latter,” Chris explains. According to Chris, “Each file is scored with our proprietary Fundmore score, which offers more insight into each applicant and a recommendation based on customizable lender guidelines and policies. In addition, the entire platform has out-of-the-box configurable workflows, multichannel communication, document generation and provides a fully auditable and transparent transaction for compliance.” The aforementioned core product of ‘Fundmore IQ’ is Canada’s first AI-driven automated condition validation system that provides enhanced document acquisition with frictionless, mobile and desktop environments for lenders, brokers and borrowers. Chris explains the details of Fundmore IQ, stating, “Our product can use machine learning to classify, sort, digitize, label, extract data, and analyze all types of documents - furthering the analytics and data required to make informed mortgage decisions.” Notably, Fundmore products can reduce human errors, increase adjudication speed, and assist in driving a completely autonomous loan origination process. Overall, the company’s mission is to provide an entirely underwritten mortgage decision within minutes. Thus, its state-of-the-art innovation and technological advances within the sector have brought great appreciation and overwhelming success for FundMore. Currently, FundMore is accumulating data from its third-party partners and combining it with the firms developed technology to analyze physical documents quickly and subsequently digitize, recognize, extract, sort and validate the data to confirm the mortgage conditions. “From our inception, we have been focused on providing a simpler mortgage experience for Canadians by being the leader in mortgage process automation,” explains Chris. Hence, FundMore has pushed through boundaries to make headway, leading the industry one innovative technique at a time. With a collection of valuable products, FundMore has been internationally regarded for its efforts and highly respected within its field of expertise for doing exactly what they initially set out to be – becoming the leaders in mortgage process automation. “Nothing moves quickly in the mortgage industry. It is dominated by outdated technology, and lenders have unmet needs, creating lengthy and inefficient processes. Therefore, we developed an AI-driven underwriting software that allows for confident lending with reduced risk,” boasts Brad Cartier, FundMore’s Head of Marketing. Currently, a surge in the real estate industry has fast-tracked the desire and need for efficient lending – which is precisely where FundMore can support the industry and lead it with technological innovations that are set to bring the real estate industry forward. For FundMore, significant changes are on the way. In 2022, the firm aims to deliver a mortgage providence system that leverages the power of blockchain technology and other DeFi principles. These new products will support capital markets and grant them greater visibility and enhanced trust within secondary mortgage transitions. Company Name: FundMore Contact Name: Brad Cartier – Head of Marketing Web Address: https://fundmore.ai/ Contact Email:
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