AI Foundry Overhauls Agile Mortgages Solution

Data insights company AI Foundry has been doing a bit of spring cleaning lately. The latest revamp comes in the form of the new version of its Agile Mortgages solution unveiled this week.

The updated version includes a new user interface; a mortgage document library with automatic document classification and data extraction capabilities; LOS First, a loan origination system connection with Ellie Mae’s Encompass; a document checklist; and Audit First, a loan quality checker that ensures loans move quickly through underwriting.

“Our new solution capabilities, especially the LOS First connector, puts AI Foundry in a leading market position with the most comprehensive digital mortgage solution for mortgage origination,” said Alan Swahn, vice president of marketing at AI Foundry. “We are taking mortgage automation to the next level by providing an out-of-the-box solution that cuts the time from UAT to high-volume production with consistent results. Our new Audit First module finds data or document quality issues upfront in the process, before they become expensive problems to fix later.”

Sid Probstein, CTO & VP Professional Services, and Alla Eizenberg, Solution Architect, presenting AI Foundry’s Agile Mortgages at FinovateSpring 2018

Headquartered in Massachusetts, AI Foundry offers solutions to help streamline and automate lending, mortgage, and banking processes. The company showcased Agile Mortgages at FinovateSpring 2018. In January, CIO Review named AI Foundry among the 20 most promising enterprise information management solution providers in 2017.

Finovate Alumni News

On Finovate.com

  • Daon Partners with Tradelink to Bring Biometrics to Dah Sing Bank.
  • AI Foundry Overhauls Agile Mortgages Solution.

Around the web

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  • First National Bank Texas ($1.8B Assets) selects Insuritas to power turnkey insurance agency.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Envestnet Finalizes Acquisition of FolioDynamix for $195 Million.
  • In the Navy: nCino Brings its Bank Operating System to the World’s Largest Credit Union.
  • Kantox Closes Debt Financing.
  • Finovate Alums Garner $2.7 Billion in 2017; $721 Million in Q4 Alone.

Around the web

  • CIO Review names AI Foundry one of the 20 Most Promising Enterprise Information Management Solution Providers 2017.
  • nCino to power cloud-based digital platform to Navy Federal Credit Union.
  • Motor City Community Credit Union partners with Fiserv.
  • Elixirr interviews Personetics founder and CEO David Sosna.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateFall Sneak Peek: AI Foundry

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

AI Foundry’s Agile Mortgage solution with virtual assistant technology helps streamline and automate the mortgage process while transforming the customer experience.

Features

  • Classify and extract data from documents
  • Obtain real-time status of mortgage applications
  • Create the individualized customer experience customers demand

Why it’s great
Leverage new technologies and the value in previously-untapped data to digitally transform how banks and mortgage companies use technology to create truly meaningful customer experiences.

Presenters

Sid Probstein, CTO and VP of Professional Services
Probstein is a technology executive and product development leader with 20+ years of experience in delivering innovative enterprise content, search, big data and analytics software and solutions.
LinkedIn

Chris Folmar, Solution Lead Engineer
Folmar designs, implements and delivers solutions for clients including solution architecture, installation and configuration of hardware and software, data and system integration, solution customization and operation.
LinkedIn