Lender Price continues its tradition of innovation, pushing the boundaries of what's possible in mortgage technology with its groundbreaking AI solution–Artificial Intelligence Loan Assistant (AILA).
PASADENA, Calif., Oct. 25, 2024 /PRNewswire-PRWeb/ -- Lender Price, a leader in AI-driven mortgage technology, is thrilled to announce the launch of AILA, or Artificial Intelligence Loan Assistant, a groundbreaking AI solution designed to revolutionize the mortgage loan pricing experience for lenders and brokers.
AILA leverages cutting-edge artificial intelligence and machine learning to act as a virtual loan assistant, optimizing workflows and improving processes across the mortgage lifecycle. Whether it's helping loan officers identify the best pricing options or recommending the best loan product based on a specific borrower scenario, AILA was purpose-built to drive efficiency, reduce cost, and enhance the overall borrower experience.
Core Features of AILA Include:
- Personalized Recommendations: Based on the information provided, AILA will provide recommendations that can help save time and money. A sample recommendation by AILA can include: If you increase the downpayment by 10%, your interest rate will be decreased by 10%. Click here to see the results.
- Single-Click Filtering: AILA allows you to quickly filter available products based on single click parameters such as: Best Rate for Borrower, Best for Credit Issues, or Best for First-Time Borrower as an example.
- Ask a Question Feature: If you don't find the option you are looking for with either of the first two options, AILA allows you to ask your own questions such as: Find the best pre-approved programs available now.
- Loan Officer - Borrower Chat Take Over: AILA includes a chat feature that enables operations to take control of a Loan Officer's mouse, assisting with pricing. It also allows them to chat and ask underwriting questions to help better structure the loan file.
"AILA represents the next evolution in mortgage technology," said Dawar Alimi, CEO of Lender Price. "With responsible and thoughtful artificial intelligence at the core, AILA empowers lenders and brokers to make smarter decisions, reduce operational bottlenecks, and improve the speed and quality of pricing. This is a game changer for mortgage professionals and their borrowers."
With AILA, Lender Price continues its tradition of innovation, pushing the boundaries of what's possible in mortgage technology. AILA not only increases operational efficiency but also ensures compliance and provides a better experience for lenders, brokers, and borrowers alike.
For more information on AILA and how it can transform your business, visit www.lenderprice.com.
About Lender Price
Lender Price delivers superior cloud-native pricing technology to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, our solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies. Lender Price's advanced pricing technology, combined with its deep understanding of the lending landscape, sets us apart from the competition. Lender Price equips lenders and loan originators with fast access to thousands of loan programs, and a wide array of specialty loan products to help them win more business. Recognized by top industry publications and third-party partners, our award-winning pricing, product and eligibility (PPE) platform continues to lead the industry in advancing mortgage pricing technology. Visit us at https://lenderprice.com/ for more information.
Media Contact
Rick Webster, Lender Price, 1 626-486-0171, [email protected], www.lenderprice.com
SOURCE Lender Price
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