Wilqo has acquired Brimma Tech along with its suite of products powered by artificial intelligence (AI). The company believes the acquisition will help strengthen its flagship production optimization platform, “Charlie,” while expanding the company’s roster of tools available to mortgage lenders.
In a company press release, Wilqo noted it is striving to take “the leading position of the next gen production optimization platforms” by providing lenders both end-to-end optimization and targeted automation tools that drive measurable outcomes.
“Mortgage lenders face rising costs and heightened expectations,” Wilqo Director and co-founder Larry Huff said in the release. “By bringing WILQO and Brimma together, we’re giving lenders an accelerated and more intelligent path forward: AI-driven automation that simplifies work, strengthens compliance, and improves profitability.”
Lenders using Brimma products already – including AI DocFlow, AUS Sandbox and eDisclose – should expect all integrations and support services associated with those offerings to remain intact.
The native AI within Charlie was designed to require fewer manual touches, provide more optimized decisions and shorten cycle times with actionable business intelligence, according to the release.
“We couldn’t ask for a better partner to continue our mission of driving automation that reduces origination costs,” Brimma Tech CEO and founder Supree Periasamy said. “With WILQO’s scale and our combined domain and technology expertise, we can unlock innovation to deliver better outcomes for homebuyers, homeowners, lenders, and all stakeholders involved in the mortgage transaction.”