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The upgraded model of AuditGenius leverages the corporate’s “Genius” tech stack – an interconnected and proprietary mix of know-how – to assist AuditGenius customers to fulfill exceedingly stringent high quality management necessities. On the identical time, the know-how is designed to cut back the necessity for extreme guide evaluations and re-reviews.
“Within the present mortgage market, lenders wish to improve high quality management with out rising the variety of sources,” Rachael Harris, SVP of product administration, mentioned in ready remarks. “By incorporating this foundational know-how into AuditGenius, the concept is to allow meticulous, in-depth, pre-fund mortgage audits at scale, proactively capturing defects within the knowledge and paperwork that will in any other case lead to repurchase danger.”
Staircase
Staircase launched a brand new instrument designed to assist non-public mortgage insurers immediately automate the underwriting of non-delegated mortgage business insurance policies for lenders, at what it claims will likely be half the everyday price.
Dubbed MI Underwriting, the instrument absolutely automates the non-delegated underwriting course of by pulling paperwork and knowledge instantly from lenders so insurers could make immediate coverage selections. It additionally comes with built-in high quality management evaluations. As well as, it depends on know-how from Staircase Loanboarding, which makes use of machine studying instruments to remodel uncooked mortgage paperwork into unstructured knowledge.
Staircase is an API and low-code market that automates advanced applied sciences and makes them self-serve within the US residential mortgage business.
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