"An LOS serves as the primary system of record for most lenders, managing the entire loan lifecycle: from initial application and underwriting to final approval and credit disbursement. However, traditional systems can take as long as a year to integrate and typically have multi-year, expensive contracts."
"By leveraging AI, Fuse claims its agents can help lenders process higher loan volumes, automate underwriting, and significantly reduce operational costs."
"We know the credit unions are really hurting and want to adopt AI, but have no idea how to do it. There are over 4,000 credit unions in the United States, and their technology is long overdue for an overhaul."
Fuse is an AI-native loan origination system (LOS) founded by Andres Klaric and Marc Escapa after they pivoted from an automotive lending startup. Traditional LOS platforms manage the entire loan lifecycle but require up to a year for integration and involve expensive multi-year contracts. Fuse leverages AI agents to help lenders process higher loan volumes, automate underwriting, and reduce operational costs. The company has over 100 customers and announced a $25 million Series A funding round led by Footwork, Primary Venture Partners, NextView Ventures, and Commerce Ventures. To accelerate adoption among credit unions, Fuse established a $5 million 'rescue fund' offering free platform access to the first 50 qualifying credit unions until their legacy contracts expire.
#ai-native-loan-origination-system #credit-union-technology-modernization #lending-automation #series-a-funding #legacy-software-replacement
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