Lending AI

Rocket’s Pathfinder Gets An Upgrade

Posted on by TMN Editor
Rocket Mortgage’s search tool has new advancements, the company announced in a press release. Pathfinder is an AI and machine learning-powered search engine used by more than 40,000 bankers, brokers, and underwriters to simplify mortgage processing. “Pathfinder has been an invaluable tool for curating complex data and transforming it into knowledge engineering. This technology, and others that leverage advancements in AI and machine learning, are truly evolving how we can facilitate homeownership,” said Brian Woodring, Rocket Mortgage CIO. Its custom Google AI search, which Rocket developed after releasing a searchable home loan knowledge database three years ago, increased Rocket’s speed and efficiency in answering client questions by 29%. Rocket is now testing a new AI chat interface, which has shown…

Peach To Add AI Tech To Lending Platform

Posted on by TMN Editor
Loan management and servicing platform Peach Finance has joined forces with Google Cloud to produce new AI-driven technology, the company announced in a press release. “Peach has leveraged Google Cloud from day one, benefiting from Google Cloud’s experience running safe, performant, and secure cloud infrastructure. With AI, Google Cloud has applied the same security and safety principles, allowing Peach to securely and safely use AI to enhance our lenders’ capabilities. Lender data will never be used to train Google Cloud AI models, and cannot be accessed by Google Cloud,” said Peach CTO Eran Sandler. Peach offers loan management, payment processing, CRM, reporting, and compliance monitoring, as well as borrower and agent portals. Its Self-Service Portfolio Migration capability is a stand…