AIForbes Innovationabout 5 hours ago
AI startups target mortgage origination automation
1 min read
Independent mortgage banks lost over $1,000 per loan in 2023, with origination costs exceeding $11,000. AI-native startups like Copperlane, with its agent "Penny," and Vesta are automating workflows. With $2.2 trillion in originations forecast for 2026, lenders are rapidly expanding trials of these AI solutions.
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