Home Loans in Minutes? How AI is Revolutionizing Underwriting

Описание: Gone are the days of manually plotting 12 months of banking statements into Excel sheets. The future of lending is here, and it is powered by AI.

In this episode, Sneha Jain (Associate Director - Marketing, Perfios) sits down with Sneha Gupta (Head of Digital Lending) and Solomon Varghese (Senior Manager - Product) from ICICI Home Finance to discuss the massive shift in the underwriting ecosystem.

From the challenges of manual credit analysis to the vision of an "Underwriting GPT" and Straight-Through Processing (STP), we dive deep into how technology is reducing turnaround time (TAT) and standardizing decision-making.

Key Topics Covered:

The Evolution: Moving from manual Excel plotting to API-based banking analysis.

The Problem: Solving human error and subjectivity in the CAM (Credit Appraisal Memo) process.

The Speed: Reducing loan approval times from 30 days to minutes.

The Vision: Can AI read vernacular/handwritten documents and prevent fraud?

Future Tech: Is an "Underwriting GPT" possible for the mortgage industry?

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