Developer’s Mortgage, a top mortgage lender, has partnered with Gateless to deploy Smart Underwrite across FHA and conforming loan processes. This integration aims to accelerate underwriting while improving transparency and efficiency for borrowers.
Smart Underwrite, developed by Gateless, uses automation and machine learning to validate borrower data instantly. It verifies income, clears underwriting conditions in real time, and significantly reduces manual intervention. As a result, lenders benefit from faster loan approvals and fewer delays.
“This partnership with Gateless boosts our efficiency,” said Taylor Stork, COO of Developer’s Mortgage. “Smart Underwrite lets us handle FHA and conforming loans faster, while focusing underwriters only where human oversight is essential.”
A New Benchmark for FHA and Conforming Loan Processing
Smart Underwrite addresses growing demands in the mortgage industry for automation without compromising reliability. By validating borrower data, employment history, and assets in real time, it reduces approval times and helps loans close sooner.
Mike Brown, CRO at Gateless, stated, “Developer’s Mortgage is setting a new standard. Smart Underwrite enables lenders to match industry leaders in performance and client experience.”
Better Experience for Borrowers
With Smart Underwrite, borrowers get instant updates and faster decisions on their loan status. The system also reduces manual errors, offering a smoother path to closing and greater trust in the lending process.
“Using Smart Underwrite ensures a faster and more transparent borrower journey,” added Stork. “We now give our clients more confidence and fewer delays.”
Inside Smart Underwrite’s Technology
The platform uses document recognition and expert systems to cross-check borrower information from verified sources. It automates critical validations, flags inconsistencies, and ensures high accuracy. This technology significantly improves underwriting speed and reliability.
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News Source: Globenewswire.com
