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Floify aims to speed pre-approvals at MBA Annual with AI application tools
MortgageNewsDaily says the approach targets an 84% efficiency gain and cuts time to clear-to-close by 7.5 days.
Housing technology company Floify is highlighting an AI-assisted mortgage application workflow as it participates in MBA Annual in Chicago, scheduled for October 11 to 14 at the Hyatt Regency, according to Mortgage News Daily.
Mortgage News Daily says the product lets lenders configure tailored applications for different loan purposes, including HELOC, construction, agriculture, and non-QM loans, so borrowers see only the fields that apply.
The outlet reports that borrowers upload income documents such as a paystub or W-2 once, while embedded AI extracts and prepopulates verified data to help move applications forward, with lenders controlling what questions the application includes.
Mortgage News Daily adds that Floify’s Dynamic Apps and Dynamic AI are positioned to deliver an 84% efficiency increase and help loans reach clear-to-close 7.5 days faster.