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AI tools highlighted to streamline mortgage underwriting and document review
The article says document intelligence and large language models can flag fraud and help lenders resolve underwriting exceptions faster.
Mortgage News Daily highlights how AI and document intelligence are being used to reduce inefficiencies in mortgage underwriting, especially the manual coordination needed to handle exceptions and move information between borrowers, brokers, and underwriters.
The outlet also describes capabilities that it says large language models can provide, including identifying issues upfront, generating explanations in real time, validating documents, and flagging fraud.
It adds that lenders can also use the technology to match borrowers with alternative loan products without changing existing credit standards, according to Mortgage News Daily.