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AI & Lending

Underwriting Metrics: Going Beyond Credit Score

It’s no secret that credit score plays a crucial role in a lender's decision to assess a loan. However, does a high score really represent a creditworthy applicant? In this article we’ll explore why a credit score-centric model is the equivalent of judging a book by its cover. Then we’ll look at a few metrics to underwrite loans beyond the credit score.

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Technology is the answer for mortgage lenders during and after the COVID-19 crisis.

The FinTech industry is growing incredibly, and even the largest financial institutions have started employing automation in relevant cases. However, before the Covid-19 crisis, mortgage providers were ‘apparently’ not so inclined to pursue digitization. 

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How to process mortgage applications faster, safer, and securely during the COVID-19 pandemic?

The COVID-19 pandemic has put a significant load on the mortgage industry as lenders are facing immense pressure while handling existing clients and entertaining incoming requests. The governments have rolled out different relief plans for borrowers, making the situation even more difficult for the lenders to keep their businesses alive and effective.

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Processing mortgages during the COVID-19 crisis is difficult, is AI the answer?

The COVID-19 crisis has struck every industry, and the mortgage sector is no exception. While lenders are quite keen to keep their existing customers comfortable, the new applicants might be facing considerable delays and uncertainty with their applications.

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