United Wholesale Mortgage (NYSE: UWMC) has entered a partnership with Google Cloud that aims to bring a new era of artificial intelligence (AI) solutions to the mortgage lending industry.
According to the companies, UWM will integrate Google Cloud AI and machine learning tools into its lending platform, with the goal of enhancing underwriting automation, streamlining document processing and improving client support with AI-driven chat experiences. UWM will leverage Google’s Gemini Flash 1.5 model to enhance underwriting automation, and the partnership will also explore the use of Google Cloud infrastructure to improve scalability and security.
“We are incredibly proud to enter into this transformative partnership with Google Cloud as it is a major step forward in our mission to make the mortgage process faster, easier and cheaper,” said Mat Ishbia, President and CEO of UWM. “By combining our mortgage expertise with Google Cloud’s generative AI and cloud capabilities, we will set a new standard for the industry, providing clients with a seamless and intelligent lending experience.”
“This agreement signals two industry leaders coming together to tackle the mortgage industry’s biggest challenges and deliver innovative solutions,” said Thomas Kurian, CEO of Google Cloud. “United Wholesale Mortgage is at the bleeding edge of generative AI in the mortgage space, and together we are reimagining the home financing journey, making it more efficient and faster for mortgage brokers and homebuyers.”
Kudos to UWM. Beat the competition by being faster and more efficient. Way to go!!!