Prudent AI launches one-touch pre-qualification platform
Prudent
AI
on
Monday
announced
the
launch
of
Prudent
AI
Upfront,
a
one-touch
pre-qualification
platform
designed
to
improve
lender
sales
funnels.
The
company
claims
the
product
is
the
mortgage
industry’s
first
of
its
kind
and
allows
lenders
to
process
more
applications,
reduce
fallout
and
capture
more
business.
Executives
at
Prudent
AI
said
Upfront
boosts
sales
funnel
efficiency
through
three
outcomes
designed
to
eliminate
manual
intervention:
24/7
document
submissions,
real-time
insights
and
loan
recommendations,
and
evaluating
borrower
repayment
ability
in
minutes
instead
of
hours.
Prudent
AI
claims
that
lenders
who
implemented
Upfront
reported
a
60-70%
reduction
in
document
review
time
while
expanding
their
sales
pipelines
and
a
seamless
integration
into
their
existing
tech
stacks.
The
platform
is
especially
helpful
for
processing
self-employed,
Non-QM
borrowers,
company
officials
said.
“The
Non-QM
market
has
long
struggled
with
pre-qualification
bottlenecks,”
commented
Paul
Gigliotti,
chief
growth
officer.
“Upfront
eliminates
these
barriers.
Lenders
can
confidently
serve
this
multi-trillion-dollar
segment
with
unprecedented
efficiency.”