TidalWave, a leading innovator in the financial technology sector, is proud to announce that its purposely built AI copilot engine SOLO™ is now integrated with Loan Product Advisor® (LPA℠), Freddie Mac’s automated underwriting system (AUS).
Through this integration, SOLO™ now has the capability to obtain a real-time LPA assessment, helping lenders to better guide their borrowers through the mortgage application process, starting from pre-approval, and to streamline their loan approval process. TidalWave’s SOLO™ is designed to be highly flexible, accommodating various configurations with or without a loan origination system (LOS) integration.
“Our team has worked meticulously to ensure that our AI-powered engine not only meets but exceeds LPA’s technical specifications, and we believe that it does,” said Diane Yu, CEO and co-founder of TidalWave. “Achieving this objective is a testament to our commitment to innovation and our dedication to the mortgage industry.”
SOLO™‘s pre-approval is also integrated with LPA asset and income modeler (AIM) service providers for asset, income and employment verification vendors. The AI native engine provides real-time personalized experience for borrowers and acts as the co-pilot for loan officers and processors, streamlining the process and lowering lenders’ origination costs.
“Freddie Mac is committed to fostering innovation in mortgage lending with our industry partners,” said Christina Randolph, Freddie Mac Single-Family Vice President of Seller Distribution. “TidalWave’s integration to LPA highlights their agility and capabilities. It is exciting to witness an implementation to improve consumer and lender experience while reducing costs.”
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