The partnership will connect Google Cloud’s DocAI capabilities, which uses machine learning on a scalable cloud-based platform
Gateless announces it has established a strategic partnership with Google Cloud to accelerate document classification and extraction coverage used by its Gateless Smart Underwrite solution. The partnership will connect Google Cloud’s DocAI capabilities, which uses machine learning on a scalable cloud-based platform to help organisations efficiently scan, analyse, and understand documents, with Gateless’ proprietary technology to materially increase the number of documents that can be identified and used to extract meaningful data.
“Simplifying the underwriting process with AI technologies has become increasingly important to lenders as they digitally transform their business. We’re pleased to partner with Gateless by coupling our Lending DocAI capabilities with its Smart Underwrite solution to provide customers with the technologies needed to accelerate document classification and make loan processing faster and easier for end customers,” said Janet Kennedy, Vice President, North America Regions, Google Cloud.
Gateless Smart Underwrite helps lenders overcome the mortgage industry’s most pressing challenges–the fact that origination process remains overly complicated, takes too long and costs too much. Inspired by a commitment to the simplification of mortgage lending through intelligent automation, Smart Underwrite tackles these challenges by driving the right actions, decisions and outcomes, at the right time. The company’s suite of AI Mortgage technology is designed to accelerate the loan origination process, which can save lenders more than 10 days from application to full approval.
