“As
we
enter
this
next
phase
of
growth,
his
leadership
will
be
instrumental
in
expanding
our
reach
and
helping
more
lenders
transform
their
operations
with
our

AI-powered
platform.”

Prudent
AI
specializes
in
solutions
for
nonqualified
mortgage
(non-QM)
lenders.
It
has
expanded
its
income
calculation
and
prequalification
tool
to
serve
lenders
across
the
agency,
nonagency
and

business-purpose
sectors.

The
company
explained
that
Gigliotti’s
promotion
is
coming
at
a
time
when
mortgage
lenders
are
looking
to
“enhance
effiency
and
reduce
costs.”
Independent
mortgage
banks
(IMBs)
and
mortgage
subsidiaries
of
chartered
banks
were

largely
profitable
in
2024,
according
to

Mortgage
Bankers
Association
data,
but
that
came
on
the
heels
of
two
straight
years
with
net
losses
for
the

IMB
segment.

“The
lending
industry
is
at
a
pivotal
crossroads,
where
traditional
models
built
for
W-2
borrowers
are
increasingly
misaligned
with
today’s
workforce
reality,”
Gigliotti
said
in
a
statement.
“At
Prudent
AI,
we’ve
recognized
that
the

self-employed
market
represents
not
just
a
segment,
but
a
multi-trillion-dollar
opportunity
that
remains
largely
untapped.

“With
self-employed
individuals
making
up
over
10%
of
the
U.S.
workforce
and
having
four
times
the
median
net
worth
of
traditionally
employed
families,
we’re
committed
to
revolutionizing
how
lenders
evaluate
these
borrowers.
Our
AI-powered
platform
transforms
frustrating,
manual
processes
into
streamlined,
accurate
assessments
—
reducing
loan
pre-approval
times
from
hours
to
minutes
while
delivering
exceptional
precision.”

The
company
said
in
its
announcement
that
its
AI-powered
platform
allows
business
partners
to
process
“diverse
income
documentation”
such
as
“complex
bank
statements
that
traditionally
require
hours
of
manual
review.”

Prudent
AI
reported
that
lender
partners
utilizing
the
company’s
tech
offerings
have
been
able
to
reduce
loan
preapproval
times
from
hours
to
only
15
minutes.
This
has
added
up
to
tens
of
thousands
of
dollars
per
monthly
in
operational
cost
savings,
sales
volume
capacity
increases
of
up
to
300%,
and
time
savings
of
3.5
hours
per
loan
application.

“Paul
embodies
our
commitment
to
human-centered
innovation,”
Prudent
co-founder
Jayendran
GS
said.
“He
understands
that
the
most
powerful
technology
solutions
don’t
replace
human
expertise
—
they
enhance
it.

“His
deep
industry
knowledge
and
passion
for
empowering
lending
professionals
align
perfectly
with
our
mission
to
revolutionize
the
lending
process
while
keeping
skilled
professionals
at
the
center
of
decision-making.”