Since we rolled ChatUWM out back in May, we've had over 25,000 active external users, with over 400,000 prompts requested and returned. That averages out to nearly 3,000 prompts per day, Jason Bressler, chief technology officer at UWM, wrote to HousingWire.
The new functionalities will allow mortgage brokers to upload any PDF and instantly get information regarding appraisals or credits by asking for documents. ChatUWM will also analyze the document and guide brokers in identifying the product that fits the borrower scenario.
A broker could upload only a credit report and a W2, and the ChatUWM AI technology will calculate the income, read the full content of the credit report, ask a couple of follow-up questions, and immediately give them a recommendation on products that will best fit that borrower's specific financial situation.
Once a broker uploads a 1040 document to ChatUWM, the AI technology will extract information and help brokers identify the best lending products based on a minimal amount of documentation.
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