Partnership
December 6, 2023
FundMore partners with Senso AI and launches GenAI underwriting assistant for lenders
FundMore unveils the first of many Generative AI features integrated within its LOS, automating data collation and creating Deal Summary Notes.
OTTAWA, ONTARIO, CANADA — FundMore, an award-winning mortgage underwriting software company, unveiled its latest innovation — the first of many Generative AI features integrated within its Loan Origination System (LOS). This advanced tool is set to further optimize enterprise lenders by automating and enhancing data collation and creating Deal Summary Notes.
In addition, FundMore is proud to announce a new strategic partnership with Senso AI, an AI agent builder for institutional knowledge. Senso AI makes it easier for enterprise teams to ingest and aggregate institutional knowledge to access information, surface customer intelligence, and open up revenue opportunities. Senso AI's two core products, Agent Fetch and Agent Echo, enhance the lending workflow by aggregating key documents and turning conversational data into real-time insights, and will be integrated into FundMore's LOS.
“AI is more than just a technological advancement; it's a transformative tool for lenders to expedite lending, enhance customer interactions, and bolster compliance while supporting underwriters to reduce human error and fraud risk. Our commitment to leading the AI revolution in lending is in our name — this is just the first of a series of generative AI tools we plan to integrate into our LOS.”
Chris Grimes, CEO of FundMore
“Our partnership with FundMore integrates Senso's generative AI capabilities within the LOS, delivering unparalleled value to the Canadian lending market through advanced automation and intelligent data aggregation.”
Saroop Bharwani, CEO of Senso AI
Integrating AI within FundMore's LOS offers a unique value proposition, providing enterprise lenders an unmatched competitive edge. This new AI-driven approach to lending automation addresses current challenges and anticipates future industry shifts such as risk, compliance, and data privacy. The rise of AI also signals an increase in regulatory scrutiny and fraud that lenders of all sizes will have to navigate — FundMore helps lenders guard against these headwinds with tools to remain compliant, protect privacy and data, and make their teams more effective.
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