Reported about 1 month ago
Novaprime, a mortgage technology startup, has launched an AI-powered loan platform designed to significantly reduce the time lenders take to sell loans to investors, completing the process in days instead of weeks. This innovative platform ensures high accuracy by evaluating loan eligibility and managing crucial documents effectively. CEO Linus Petrén highlighted that the system utilizes smart contracts and real-time data verification, leading to lower risks and increased productivity for lenders while enhancing borrower experiences. With a vision for holistic automation across the loan cycle, Novaprime is already processing thousands of loans monthly and aims to further reduce costs for its clients.
Source: YAHOO