Ardley announces launch of automatic underwriting engine

It will be available as an option within its ADI platform

Ardley announces launch of automatic underwriting engine

Ardley Technologies, Inc., a mortgage technology solutions provider, has announced the launch of Autopilot, its white-labeled automatic underwriting engine.

The engine will allow lenders to create loan approvals for borrowers. It will also be available as an option within the Actionable Data Intelligence (ADI) platform of Ardley, which is a deal flow engine that provides mortgage organizations with new deal opportunities for their portfolios.

“Autopilot reflects our ongoing commitment to reducing the cost and complexity of originating mortgages while helping lenders and servicers unlock hidden deal opportunities,” said Nate Den Herder, Ardley’s founder and CEO.

“By leveraging a client’s pricing, fees, and credit policies, along with any resell guidelines, Autopilot delivers confidence that every offer presented to a customer with conditional approval is real. And by generating loan approvals instantly—not minutes, hours, or days later—our clients can be assured they are first in line when a customer needs financing,” he added.

Aside from allowing mortgage lenders and servicers to maximize deal opportunities and avoid the challenges in sensitivity and scalability that comes with interest rate volatility, Autopilot can also provide them with real time transparency based on their specific loan scenario.

Lenders will also be able to issue conditional approvals for borrowers without the need for human assistance. Ardley’s platform provides hyper-personalized loan creation through the analysis of loan-level data, live rate sheets, and property listing data to calculate a customer’s eligibility.

Last year, the platform was able to generate $1 billion in origination volume for its clients.

Ardley can also integrate with any loan origination system (LOS) or customer relationship management (CRM) solution, it was stated in a Press release.

Have something to say about this story? Let us know in the comments below.