Just sharing some insights about the latest developments in loan comparison technology. There are tools (some are based on AI) out there that can quickly analyze multiple lenders and provide options — all designed to help borrowers make informed decisions, as they say.
Please share if you used any of these tools - any success stories?
Just sharing some insights about the latest developments in loan comparison technology. There are tools (some are based on AI) out there that can quickly analyze multiple lenders and provide options — all designed to help borrowers make informed decisions, as they say.
Please share if you used any of these tools - any success stories?
It really depends on the situation on whether AI would work here from what I would think. For example, certain scenarios are best for certain lenders regardless of what pricing would show. The model would have to have a lot of entry points to be accurate and map folks to the best lender based on guidelines and pricing.
Lender · Los Angeles, CA · Member since 2025 · 40 posts · 17 votes
1y
No offense to AI or the tools out there—they definitely have their place, and I totally respect the push for efficiency (time is money, after all). That said, I think we’re starting to slip into dangerous territory relying too heavily on algorithms to do the thinking for us.
At the end of the day, AI can’t negotiate terms with nuance because the human element just isn’t there. It doesn’t build long-term relationships with brokers or lenders. It doesn’t feel the urgency in a moment or recognize when it’s time to meet someone halfway to keep a deal alive. That kind of instinct comes from experience, empathy, and knowing how to “grease the wheels” when it matters most.
Sometimes the best move isn’t the most optimized—it’s the most human. Just some food for thought.
Just sharing some insights about the latest developments in loan comparison technology. There are tools (some are based on AI) out there that can quickly analyze multiple lenders and provide options — all designed to help borrowers make informed decisions, as they say.
Please share if you used any of these tools - any success stories?
From experience.
There is not a way to really automize lender performance, guidelines, and integrity. Besides the rate and fees, there are also many other important variables, that will take some time for AI to really catch up on. Exceptions also might be something difficult to fully automize, as this involves the "people" aspect to mortgage lending.
I can see this however in the conventional/FHA space since it is a more cut and dry space, compared to Non-QM and Hard Money lending.