Gateless, a visionary technology company providing the mortgage industry with intelligent automation, announces it has integrated Fannie Mae’s Desktop Underwriter® (DU®) into its Gateless Smart Underwrite™ solution. Connecting these two products will empower Gateless Smart Underwrite™ to make the entire loan process even more efficient for all stakeholders.
Fannie Mae (FNMA/OTCQB) facilitates equitable and sustainable access to homeownership and quality, affordable rental housing across America.
Gateless is committed to developing the future of mortgages through industry-leading innovations like its Gateless Smart Underwrite™ product. By merging the best and most effective components of Artificial Intelligence (AI) and Machine Learning (ML), this tool finds and clears underwriting conditions and automates data quality checks quickly and efficiently. This enables Gateless Smart Underwrite™ to extract as much as 10-15 days from the time it takes to manufacture a loan, taking significant costs out of the process.
“Gateless knows that partnering with Fannie Mae, to incorporate feedback generated by Desktop Underwriter, is critical in empowering us to take our intelligent automation to the next level and make the loan process better for everyone involved,” says Rick Lang, Chief Operating Officer at Gateless.
