On May 21, 2026, TD publicly detailed its first agentic AI application, built inside Layer 6 and running today across TD mortgage and TD Home Equity FlexLine applications. The model handles document scanning, income calculation, policy validation, consent checks, income verification, discrepancy search, and underwriter memo generation. PYMNTS measured the impact: the pre-adjudication queue, which used to average 15 hours before a human underwriter opened the file, now averages under 3 minutes. That is a 300x compression of one of the most reliably slow steps in Canadian mortgage origination.
How Low-Leverage Work Quietly Blocks You, Your Team, and Your Company’s Growth
Tiff Macklem just delivered the most important speech you'll read all year, and if you're running financial operations in Canada, you should probably pay attention.
The Bank of Canada just did something it hasn't done since August: absolutely nothing. And the mortgage industry should be relieved.
As the mortgage industry enters a new era of automation, the traditional loan origination system faces extinction. The next generation of lending platforms won’t rely on screens and workflows; they’ll think, decide, and act autonomously.