Leading Mortgage Lender to Automate Key Underwriting and Processing Workflows, Speeding Efficiency and Enhancing Borrower Experience
Fisent Technologies, a pioneer in Applied GenAI Process Automation, announced that CMG Financial, a nationally recognized mortgage lender that specializes in home purchase and refinance needs, selected Fisent BizAI to automate its critical underwriting and processing workflows. Key mortgage origination processes will be streamlined and accelerated by Fisent’s solution, resulting in significant operational improvements for CMG Financial.
For most in the mortgage sector, a high volume of unstructured data creates significant challenges to business efficiency. The complexity of intricate loan agreements, coupled with manual processing, produces bottlenecks that can delay approvals. It also requires highly skilled underwriters to dedicate considerable time to routine data extraction, limiting their ability to focus on more valuable loan approval processes and client relationships.
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“We sought a solution that could seamlessly interpret and transform the vast array of documents we handle daily,” explained Mark Hansen, SVP, Product at CMG Financial. “Fisent’s BizAI platform has proven its ability to rapidly understand and process diverse document formats, immediately delivering actionable data back to us. This automation empowers CMG Financial to enhance efficiency and make better, data-driven decisions with unprecedented speed.”
“Fisent BizAI is being applied to transform all types of business processes including those associated with mortgage origination,” said Adrian Murray, Founder and CEO of Fisent. “Proven by these use cases, our BizAI platform empowers lenders like CMG Financial to automate manual processes, improve accuracy, and gain a significant competitive advantage. Our work with CMG Financial showcases the benefits of harnessing LLMs to eliminate manual steps in the mortgage industry, and we continue to explore where we can similarly advance other areas of their operations.”
The decision to select Fisent reflects CMG Financial’s proactive approach to testing leading-edge, GenAI-powered technology. “At CMG Financial, we are committed to applying technologies that create competitive advantage and enhance client and employee experiences,” said Paul Akinmade, Chief Strategy Officer at CMG Financial. “Fisent is helping us establish efficiencies in mortgage processing workflows that drive down our cost to produce.”
CMG Financial is a well-capitalized mortgage lender founded in 1993 that makes its products and services available to the market through three distinct origination channels: retail lending, wholesale lending, and correspondent lending. The company is consistently recognized as a top-producing lender and top mortgage employer, and it prides itself on helping clients achieve the dream of homeownership through product innovation and streamlined servicing.
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