Saturday, May 15, 2021

Wemlo introduces AI to mortgage processing

Mortgage fintech company first to create autonomy and intelligence in mortgage processing software with ATHENA.

wemloSM, an innovative fintech company that provides third-party mortgage loan processing services has launched ATHENASM, the new technology logic and intelligence behind the wemlo platform.

A 22-month-old, Florida-based startup, wemlo is reshaping mortgage loan processing in the mortgage broker channel. Wemlo developed the first solution for mortgage brokers that combines third-party loan processing with an all-in-one digital platform. Its product offering is the only enterprise-grade solution of its kind in the mortgage brokerage space.

Athena is a virtual assistant AI technology developed to empower and improve loan processing by identifying discrepancies within the mortgage loan application including document verification based on loan type to mitigate conditions.

“By helping to identify potential issues within the 1003 mortgage application before it is sent to lender underwriting, Athena increases efficiency for the mortgage loan originator and processor, creating a systemic approach to make sure the 1003 is full and complete and a good file is created,” said David Rogove, a wemlo co-founder. “And the cleaner the file, the less chance of lender delays.”

This intelligence continues with the ability to request title and automatically generate fees. “As Athena evolves with additional automated activities she will help make mortgage loan originators who use the wemlo platform more effective, and increase speed for clear to close, which in turn, may assist them in growing their business,” added wemlo co-founder Steven Gelley.

Read MoreAdvancing Channel Partner Recruitment Strategy in today’s Marketing Era

The mortgage broker channel is ripe for change, and wemlo’s goal is to provide loan originators with a transparent processing solution with a strong technology foundation. Interested in wemlo third-party processing services? Visit wemlo.io to get started today.

Latest news

Fast-Growing Fintech Company, Finexio, Announces Appointment of Joe Proto to Board of Directors

Orlando-based "AP Payments as a Service" company Finexio today announced the appointment of Joe Proto, EVP Senior Advisor at Mastercard, to its Board of Directors. Proto brings...

TechPACT Organization Dedicates Mission to Leading the Charge for Inclusion and Equity in the Technology Industry TechPACT

Founded by a group of impassioned CIOs and technology leaders, TechPACT makes commitments to address inequality within the technology space. Founders pledge to reduce...

Investis Digital Partners with DBSA and Mind to Promote Mental Wellness and Support Physical Health

Investis Digital, a leading global digital communications company, announced that it embarked on a global initiative to empower its employees to take charge of...

Wurl Plots Global Expansion with the Addition of Five Media Industry Veterans to Lead Business Development, Content Strategy, and Sales

Continuing to accelerate its growth and expansion in the US and around the world, Wurl, the leading provider of streaming video distribution and advertising services...

FinScan® Unveils Focus, Its Next-Generation, AI-Powered AML Screening Engine

FinScan, a global leader in anti-money laundering (AML) compliance solutions, today announced the launch of its latest screening engine, Focus. FinScan Focus integrates advanced...

The Evolving World of B2B Marketing Strategies

The way forward for B2B marketing is a clear focus on three things-the customers, technology, and of course, the martech stack that works best-...

Related news

Fast-Growing Fintech Company, Finexio, Announces Appointment of Joe Proto to Board of Directors

Orlando-based "AP Payments as a Service" company Finexio today announced the appointment of Joe Proto, EVP Senior Advisor at Mastercard, to its Board of Directors. Proto brings...

TechPACT Organization Dedicates Mission to Leading the Charge for Inclusion and Equity in the Technology Industry TechPACT

Founded by a group of impassioned CIOs and technology leaders, TechPACT makes commitments to address inequality within the technology space. Founders pledge to reduce...

Investis Digital Partners with DBSA and Mind to Promote Mental Wellness and Support Physical Health

Investis Digital, a leading global digital communications company, announced that it embarked on a global initiative to empower its employees to take charge of...

Wurl Plots Global Expansion with the Addition of Five Media Industry Veterans to Lead Business Development, Content Strategy, and Sales

Continuing to accelerate its growth and expansion in the US and around the world, Wurl, the leading provider of streaming video distribution and advertising services...

LEAVE A REPLY

Please enter your comment!
Please enter your name here