Mortgage tech company Gateless has integrated Fannie Mae’s Desktop Underwriter® into its Gateless Smart Underwrite™ solution, making the loan process more efficient for all stakeholders through more efficient data validation, the company announced.
Gateless also announced the integration of Freddie Mac Loan Product Advisor®, allowing the system to take “immediate advantage” of policy changes and/or new product features and enhancing automation for all Gateless customers.
In other Gateless news, the company also announced a strategic partnership with Google Cloud to accelerate document classification and extraction coverage used by Gateless Smart Underwrite.
The partnership will connect Google Cloud’s DocAI capabilities, which uses machine learning on a scalable cloud-based platform to help organizations efficiently scan, analyze, and understand documents, with Gateless’ proprietary technology to materially increase the number of documents that can be identified and used to extract meaningful data.
Gateless launched in 2021 with the mission of transforming the mortgage industry with technology that can significantly reduce limitations in the loan process, driven by artificial intelligence tools.