Ep. 118 - What Changes Will AI Bring to Mortgage Lending? | Pavan Agarwal & Angel AI
Pavan Agarwal, CEO of Celligence International and Sun West Mortgage Company, joins Quinton Harris to discuss how AI technology is transforming the mortgage industry. They discuss Pavan’s latest product, Angel AI. Angel AI can analyze loan documents and data to provide instant decisions, reducing human error and speeding up the lending process. Agarwal explains the empathetic AI his company has developed and how it aims to provide equality in financial services. He also shares how this technology serves both loan officers and borrowers by improving customer experience. If you work in the real estate industry, you don’t want to miss this episode.
[00:00 - 04:59] - Introduction to Pavan
[05:00 - 10:18] - How Angel AI works
[10:19 - 14:48] - The accuracy of AI powered underwriting
[14:49 - 17:50] - The appraisal process with Angel AI
[17:51 - 21:36] - Angel AI and self employed borrowers
[21:37 - 30:57] - Relationships versus efficiency
[30:58 - 35:38] - Cost of Angel AI
[35:39 - 38:46] - Closing segment
Connect with our guest:
https://www.linkedin.com/in/pavan-agarwal-sunwest-celligence
Resources:
www.angelai.com
Key Quote:
"It is really a mindset shift. You got to build new neural pathways, and you got to let go of how you were doing things before” - Pavan Agarwal
_______________________
Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.
Watch the podcast on Spotify for full video episodes, Q&As, and community polls!
Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.
Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.
Please subscribe, share, and leave a review to let us know you want to keep the content coming!
