Milestone
June 4, 2024
FundMore expedites Canadian homeownership, processing over $1 billion in mortgages on its cloud-native AI platform
FundMore announces a monumental achievement: surpassing $1 billion in mortgages processed on its Loan Origination System.
OTTAWA, ONTARIO, CANADA — FundMore, an award-winning mortgage underwriting software company, announced a monumental achievement: surpassing $1 billion in mortgages processed on its Loan Origination System (LOS). This achievement underscores the rapid digital transformation underway in the mortgage industry and demonstrates FundMore's influence as lenders strive to meet the growing demand for a faster, more convenient, and more secure mortgage experience.
Traditional mortgage lenders have long been hampered by outdated legacy technology, leading to cumbersome processes, approval delays, and frustrated homebuyers. FundMore's cutting-edge LOS is designed to address these challenges head-on, enabling lenders to process mortgage applications in hours or days, compared to the industry standard of weeks or months.
“Homeownership is a dream that should be within reach for everyone, and we're making that a reality by revolutionizing how mortgages are processed. With our software, underwriting has become a streamlined one-day process. The $1 billion milestone we reached in May is a powerful testament to the success of our mission.”
Chris Grimes, CEO of FundMore
FundMore's advanced technology empowers lenders to make near-instant decisions and fund more applications while reducing costs. Using advanced AI, ML, and partner integrations, FundMore digitizes traditionally manual processes, enhances fraud detection, and facilitates quick, data-driven lending decisions. This minimizes risk and human error and significantly accelerates the mortgage process, providing a more efficient and secure experience for lenders and homebuyers.
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