Prudent AI, which offers AI-powered lending software for capturing broader lending markets including non-agency, has launched Prudent AI Upfront, a “one-touch” pre-qualification platform for lender sales funnels.
The solution empowers lenders to process more applications, reduce fallout and capture more business, the company says in a release.
Prudent AI Upfront boosts sales funnel efficiency by allowing brokers and third party originators to submit borrower documents round the clock, with instant alerts on missing documents, eliminating manual intervention.
It also enables brokers to evaluate borrower repayment ability at a glance, including computing qualified income of borrowers in minutes, instead of hours, with 100% accuracy.
The new solution also delivers real-time insights, including instant loan recommendations based on borrower profiles with AI Income Copilot.
“By evaluating borrower data at the entry point, Prudent AI Upfront fundamentally changes how lenders manage their sales pipelines,” says Jayendran GS, co-founder of Prudent AI, in the release. “Lenders can process more applications and close more loans without adding operational overhead.”
“Prudent AI Upfront redefines what’s possible in the mortgage origination process,” adds Srikanth Rajaraman, co-founder of Prudent AI. “By bringing qualification to the front of the sales funnel, we’re eliminating traditional bottlenecks and enabling lenders to qualify borrowers faster than ever before. This isn’t just an incremental improvement – it’s a complete reimagining of the mortgage sales process.”
The platform particularly excels with self-employed borrowers, traditionally an underserved yet highly creditworthy market segment.
“The Non-QM market has long struggled with pre-qualification bottlenecks,” says Paul Gigliotti, chief growth officer. “Prudent AI Upfront eliminates these barriers. Lenders can confidently serve this multi-trillion-dollar segment with unprecedented efficiency.”