Mortgages in 47 seconds: Better's new ChatGPT app targets lenders Rocket and UWM [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
The tool combines Better's mortgage engine with OpenAI's models to automate dozens of underwriting checks for loan officers at banks, brokers and fintech firms. Better says the platform targets industry leaders including Rocket Mortgage and United Wholesale Mortgage by enabling rival lenders to approve loans faster and reduce costs. In this article Vishal Garg, Better.com Source: Better.com The online mortgage platform Better has partnered with OpenAI to launch an app within ChatGPT that the companies said will dramatically reduce the time it takes to underwrite a mortgage or home equity loan, CNBC has learned exclusively. The app, to be announced later Thursday, takes Better's mortgage engine and combines it with OpenAI's models to speed up the underwriting process for loan officers working at banks, mortgage brokers and fintech firms, Better CEO Vishal Garg said in an interview. “Taking the mortgage underwriting process, which so many of us have experienced personally
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