FundMore, an award-winning mortgage underwriting software company, unveiled its latest innovation—the first of many Generative AI features integrated within its Loan Origination System (LOS). This advanced tool is set to further optimize enterprise lenders by automating and enhancing data collation and creating Deal Summary Notes.
In addition, FundMore is proud to announce a new strategic partnership with Senso AI, an AI agent builder for institutional knowledge. Senso AI makes it easier for enterprise teams to ingest and aggregate institutional knowledge to access information, surface customer intelligence, and open up revenue opportunities. Senso AI uses two core products, Agent Fetch and Agent Echo, that enhance the lending workflow by aggregating key documents and turning conversational data into real-time insights. Senso AI will integrate these AI products into FundMore's LOS, streamlining decision-making processes and enriching the quality of lending services.
"AI is more than just a technological advancement; it's a transformative tool for lenders to expedite lending, enhance customer interactions, and bolster compliance while supporting underwriters to reduce human error and fraud risk," stated Chris Grimes, CEO of FundMore. "Our commitment to leading the AI revolution in lending is in our name, this is just the first of a series of generative AI tools we plan to integrate into our LOS."
"Our partnership with FundMore integrates Senso's generative AI capabilities within the LOS, delivering unparalleled value to the Canadian lending market through advanced automation and intelligent data aggregation," says Saroop Bharwani, CEO Senso AI.
Integrating AI within FundMore's LOS offers a unique value proposition, providing enterprise lenders an unmatched competitive edge. This new AI-driven approach to lending automation addresses current challenges and anticipates future industry shifts such as risk, compliance, and data privacy. By choosing FundMore, lenders ensure they stay ahead in a rapidly evolving landscape.
The rise of AI also signals an increase in regulatory scrutiny and fraud that lenders of all sizes will have to navigate. Software solutions like FundMore will help lenders guard against these types of headwinds by giving them the tools to remain compliant, protect privacy and data, and make their teams more effective and streamlined.
Source: https://fundmore.ai/