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AI & Lending

8 Things We Learned At CCUA's 2022 Conference

The 2022 National Conference for Canada’s Credit Unions (CCUA) event was a must-attend for anyone operating in the credit union space. Our industry is rapidly changing and we must all be prepared to educate ourselves on the state of the market, technology, and industry best practices.

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FundMore.ai is Chosen as a Finalist For The “Industry Service Provider of The Year” Award

FundMore.ai has been shortlisted as a finalist for the prestigious Centum Award for Industry Provider of the Year 2021-22. Instituted by Canadian Mortgage Professional, this award is a part of the annual Canadian Mortgage Awards that recognize exceptionally performing mortgage professionals and organizations. 

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AI and Mortgage Processing - The Perfect Combo for Lenders?

The FinTech industry is experiencing significant growth in the use of Artificial Intelligence (AI). While AI and Machine Learning (ML) are already quite popular in banking, credit card and auto loan niches, the mortgage industry has just started reaping its benefits. In the next couple of years, particularly after the Covid-19 pandemic, we will experience an overwhelming presence of AI-based automation in likely every aspect of mortgage processing. In fact, it will become a common practice very soon.

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Why it is important for lenders to consider mortgage automation

Regardless of how big or small your mortgage business is, it is essential to adopt modern technologies to stay afloat in this competitive market. The FinTech industry is evolving to be more customer-driven, and that is why you, as a lender, must provide a swift and friendly experience to your clientele.

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