Pennsylvania-based lender says artificial intelligence has many uses
Allied Mortgage Group will use artificial intelligence (AI) to enhance the mortgage loan manufacturing process and sees further uses ahead.
It has partnered with AI Foundry to develop “ARTificial Intelligence Employee" (“ARTIE”) which collects and files all the relevant documentation required. The time per file is just minutes compared to almost an hour for a human.
“This is a very exciting time for Allied as we begin leveraging cutting-edge technology to improve our business and increase efficiency,” says Kyle Manseau, Senior Vice President of Operations at Allied. “This is just the beginning of an ongoing effort and high priority for our company to apply AI to other areas of our process.”
The lender is headquartered in Bala Cynwyd, Pa, and is licensed in 35 states with six operations centers and 18 regional offices serving local communities.
“In our industry, it’s important to always deliver the highest level of service possible to our clients. I am very encouraged by the demonstrated results of ARTIE and how it has helped our overall process. We will continue to explore what else AI will enable us to do as we strategically grow our business,” said S. Roy Chowdhury, President and CEO of Allied Mortgage Group.
