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Beeline (NASDAQ: BLNE) has launched Beeline Labs, a new B2B SaaS division, introducing BlinkQC as its first product. This automated mortgage Quality Control solution leverages AI and DOC AI technology to revolutionize the mandatory QC process required by Fannie Mae and Freddie Mac.
BlinkQC automates the review of mortgage files in just three minutes, achieving 95% data extraction accuracy and applying over 400 compliance rules. This represents a significant improvement over traditional QC methods, which typically cost $150-$200 per file and take up to two days to complete.
The solution is currently operational within Beeline's mortgage operations and will be available for licensing in March 2025. Three lenders have already committed to licensing BlinkQC ahead of its Q1 2025 launch, indicating strong market demand.
Beeline Holdings (NASDAQ: BLNE) announced the successful completion of its Special Shareholders Meeting held on January 27, 2025. The company, which operates as Eastside Distilling, secured shareholder approval for all proposed measures, including a significant amendment to its Articles of Incorporation. The key approved change authorizes an increase in common stock shares from 6 million to 100 million shares, with a par value of $0.0001 per share.
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