Prudent AI has developed a new tool aimed at enhancing Non-QM loan underwriting through investor-specific guidelines and a dual-phase review process. This allows lenders and brokers to assess a loan's viability earlier, increasing clarity and efficiency. With Non-QM loans catering to borrowers with nontraditional income or those who are self-employed, the tool addresses the complex regulatory environment. Notable lenders like Newfi Lending and Angel Oak Mortgage Solutions are adopting the technology, which is anticipated to be more widely available by the end of 2025, marking a shift in how underwriting processes operate.
"The future of underwriting starts upfront... giving brokers clarity at the point of submission is the key to unlocking scale in Non-QM." - Steve Abreu, CEO of Newfi Lending
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