To streamline loan originations
and enhance loan closing rates, mortgage technology provider Ardley
Technologies, Inc., recently launched Autopilot, a white-labeled automatic
underwriting engine designed to enable lenders to create instant, conditional loan
approvals, according to a company press release.
Autopilot is now available as
an option within Ardley’s Actionable Data Intelligence (ADI) platform, which
the company describes as a deal-flow engine that empowers mortgage
organizations to unlock new deal opportunities in their portfolios in a
scalable, auditable and compliant way.
“Autopilot reflects our ongoing
commitment to reducing the cost and complexity of originating mortgages while helping
lenders and servicers unlock hidden deal opportunities,” Ardley CEO and founder
Nate Den Herder said in the release. “By leveraging a client’s pricing, fees, and
credit policies, along with any resell guidelines, Autopilot delivers confidence
that every offer presented to a customer with conditional approval is real. And
by generating loan approvals instantly—not minutes, hours, or days later—our
clients can be assured they are first in line when a customer needs financing.”
By combining instant conditional
loan approvals with “hyper-personalized” loan offers generated through the Ardley
platform, Autopilot is intended to allow mortgage lenders and servicers to maximize
deal opportunities in any rate environment while avoiding the typical sensitivity
and scalability challenges associated with interest rate volatility.
Other benefits of Autopilot include:
·
Real-time transparency for every borrower based
on their specific loan scenario.
·
The power to scale on demand by issuing conditional
approvals for borrowers as they qualify, without human assistance.
·
The ability to brand Autopilot with a company’s
existing look and feel, providing a connected experience for borrowers.
The Ardley platform creates
hyper-personalized loan offers by analyzing loan-level data, live rate sheets
and property listing data to calculate a customer’s eligibility for a wide
range of loan products, the release states. Last year, Ardley platform was used
to structure 6 million loan offers, generating $1 billion in origination volume
for its clients.
Ardley is designed to seamlessly
integrate with any loan origination system (LOS) or customer relationship
management (CRM) solution, enabling lenders and servicers to transform data
into revenue and borrowers into lifelong customers.