AI Foundry's cognitive robots help speed up the mortgage approval process
Wyndham Capital Mortgage has employed AI Foundry's cognitive robot technology to accelerate its loan-origination process while reducing loan defects.
Wyndham is currently in production with Agile Mortgages, an artificial intelligence-powered tool that automates the process of identifying, verifying, validating, and flagging defects during the loan manufacturing process.
Wyndham Capital Mortgage CEO Jeff Douglas said that implementing Agile Mortgage's cognitive robots enabled the company to "push deeper into loan-processing stages where document and decision complexity limited automation gains."
"Today, more than ever, the mortgage industry is embracing automation as a necessity," said Ben Cowen, chief operations officer of Wyndham Capital Mortgage. "We have long been a leader in using technology and robotics to transform our processes and move them into a place where they show real benefit to all involved, from loan officers to consumers."
"Wyndham is a great partner to work with," said Steve Butler, president and founder of AI Foundry. "They are committed to their automation vision and demand significant and measurable return on investments from any robotic processing and AI investments they make. We are really excited to have reached production usage with Wyndham and to be part of their plans for further expansion based around our cognitive robots."
