Prudent AI Appoints Paul Gigliotti as Chief Growth Officer

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Paul Gigliotti has been promoted to chief growth officer at Prudent AI, which aims to accelerate AI adoption across the mortgage industry.

Gigliotti has more than two decades of experience spanning mortgage lending, fintech, operations and strategic growth. He has built a reputation for driving transformation through technology. His success in building strategic partnerships, optimizing operations, and leading go-to-marketing strategies positions him to accelerate Prudent AI’s market expansion.

In his expanded role, Gigliotti will oversee revenue strategy, sales and marketing, ensuring that Prudent AI’s partners and lenders fully leverage its technology solutions to drive efficiency, scalability and innovation.

“Paul’s exceptional ability to identify strategic opportunities and forge meaningful industry partnerships has already made a significant impact since he joined our team,” says Srikanth Rajaraman, co-founder of Prudent AI, in a release. “As we enter this next phase of growth, his leadership will be instrumental in expanding our reach and helping more lenders transform their operations with our AI-powered platform.”

Gigliotti’s promotion comes at a pivotal time for the lending industry, which continues to seek innovative solutions to enhance efficiency and reduce costs. For instance, the Mortgage Bankers Association (MBA) reports that the cost of lending has exceeded $11,000 per loan, an increase from $10,716 per loan in the third quarter of 2024.

Technology adoption, particularly AI, represents one of the most promising avenues for reducing these expenses and helping lenders to scale quickly as well as capitalize on emerging markets such as the growing self-employed and gig economy market. However, it must be balanced with the human approach.

Especially in the non-QM market, AI is revolutionizing how lenders assess self-employed borrowers. By automating traditionally manual processes, Prudent AI’s platform is uniquely positioned to address these industry challenges.

“The lending industry is at a pivotal crossroads, where traditional models built for W-2 borrowers are increasingly misaligned with today’s workforce reality,” says Gigliotti. “At Prudent AI, we’ve recognized that the self-employed market represents not just a segment, but a multi-trillion-dollar opportunity that remains largely untapped. With self-employed individuals making up over 10 percent of the U.S. workforce and having four times the median net worth of traditionally employed families, we’re committed to revolutionizing how lenders evaluate these borrowers. Our AI-powered platform transforms frustrating, manual processes into streamlined, accurate assessments – reducing loan pre-approval times from hours to minutes while delivering exceptional precision.”

“I’m thrilled to lead our growth and partnership efforts as we continue helping forward-thinking lenders scale their operations cost-effectively while bringing much-needed innovation to an industry ripe for transformation,” Gigliotti adds.

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