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How does automation help with asset quality and risk?

by | Apr 28, 2021

AI and automation can help with processing, underwriting, and closing. To illustrate, AI can store a copy of the borrower’s W-2 in the system and also pull wage data and enter it into the loan origination system (LOS) from direct sources.

These processes are critical for preventing loan buybacks and loan defects. In addition, they ensure higher close rates, retention, and compliance.