Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, reports that its AI Originator Assistant can now evaluate loan files against not only baseline program guidelines, but also the lender and investor overlays that ultimately shape salability and risk.
By embedding these requirements directly into the workflow of frontline originators, the platform gives lenders greater control over credit quality and secondary market execution, Friday Harbor says in a release.
Overlays deliver value across business models. Lenders that sell primarily into the secondary market can improve flexibility and profitability by ensuring loans meet the requirements of multiple investors. Institutions that balance portfolio and securitized production can use overlays to align Friday Harbor, with its in-house credit policies, can fine-tune the credit box and apply risk standards consistently across the enterprise.
“Our new underwriting overlays feature gives lenders the ability to instantly encode their own judgment and policies into Friday Harbor,” says Theo Ellis, CEO and co-founder of Friday Harbor. “Whether the goal is to expand credit access, tighten controls or ensure loans are salable across multiple investors, overlays put that guidance directly in front of originators so every file starts out underwriting-ready.”