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Finovate: AI Foundry Overhauls Agile Mortgages Solution

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By Julie Muhn (@julieschicktanz) Posted on Finovate

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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, CIOReview named AI Foundry among the 20 most promising enterprise information management solution providers in 2017.