Inverite Achieves New Milestone with Mortgage Automator as Approximately 200 Private Lenders and Mortgage Investment Corporations are Live on its Proprietary Open Banking Platform
Inverite Insights reports rapid adoption of its Open Banking Platform through Mortgage Automator integration, with approximately 200 private lenders and Mortgage Investment Corporations (MICs) going live in just over one month. The integration includes Instant Bank Verification, Anti-Money Laundering, and Risk Scoring solutions. This represents about half of Mortgage Automator's client base, marking the fastest roll-out strategy using their 'one to many' approach. The platform utilizes real-time financial data and AI-powered risk scoring to transform the mortgage adjudication process for Canadian clients.
Inverite Insights riporta una rapida adozione della sua Piattaforma di Open Banking attraverso l'integrazione con Mortgage Automator, con circa 200 prestatori privati e Corporazioni di Investimento Ipotecario (MIC) attivi in poco più di un mese. L'integrazione comprende Verifica Bancaria Istantanea, Prevenzione del Riciclaggio di Denaro e Soluzioni di Valutazione del Rischio. Questo rappresenta circa la metà della base clienti di Mortgage Automator, segnando la strategia di implementazione più rapida utilizzando il loro approccio 'uno a molti'. La piattaforma utilizza dati finanziari in tempo reale e punteggi di rischio alimentati dall'IA per trasformare il processo di adjudicazione dei mutui per i clienti canadesi.
Inverite Insights informa sobre la rápida adopción de su Plataforma de Banca Abierta a través de la integración con Mortgage Automator, con aproximadamente 200 prestamistas privados y Corporaciones de Inversión Hipotecaria (MIC) en funcionamiento en poco más de un mes. La integración incluye Verificación Bancaria Instantánea, Prevención del Lavado de Dinero y Soluciones de Evaluación de Riesgo. Esto representa aproximadamente la mitad de la base de clientes de Mortgage Automator, marcando la estrategia de implementación más rápida utilizando su enfoque de 'uno a muchos'. La plataforma utiliza datos financieros en tiempo real y puntuaciones de riesgo impulsadas por IA para transformar el proceso de adjudicación de hipotecas para los clientes canadienses.
Inverite Insights는 Mortgage Automator 통합을 통해 Open Banking 플랫폼의 빠른 채택을 보고하며, 약 200명의 개인 대출자와 모기지 투자 기관(MIC)이 한 달이 조금 넘는 시간 안에 활성화되었습니다. 이 통합은 즉각적인 은행 확인, 자금 세탁 방지, 그리고 위험 평가 솔루션을 포함합니다. 이는 Mortgage Automator의 고객 기반의 약 절반에 해당하며, 그들의 '1대 다수' 접근 방식을 사용하는 가장 빠른 롤아웃 전략으로 기록됩니다. 이 플랫폼은 실시간 재무 데이터와 AI 기반 위험 점수를 활용하여 캐나다 고객을 위한 모기지 심사 프로세스를 혁신합니다.
Inverite Insights rapporte une adoption rapide de sa plateforme de banque ouverte grâce à l'intégration avec Mortgage Automator, avec environ 200 prêteurs privés et sociétés d'investissement hypothécaire (MIC) devenant opérationnels en un peu plus d'un mois. L'intégration comprend Vérification Bancaire Instantanée, Prévention du Blanchiment d'Argent et Solutions d'Évaluation des Risques. Cela représente environ la moitié de la base de clients de Mortgage Automator, marquant la stratégie de déploiement la plus rapide utilisant leur approche 'un à plusieurs'. La plateforme utilise des données financières en temps réel et des évaluations de risque alimentées par l'IA pour transformer le processus d'adjudication des prêts hypothécaires pour les clients canadiens.
Inverite Insights berichtet über die schnelle Einführung seiner Open Banking-Plattform durch die Integration mit Mortgage Automator, wobei rund 200 private Kreditgeber und Hypothekeninvestmentgesellschaften (MICs) in nur etwas über einem Monat live gegangen sind. Die Integration umfasst Instant Banking-Verifizierung, Geldwäscheprävention und Risikobewertungslösungen. Dies entspricht etwa der Hälfte der Kundenbasis von Mortgage Automator und markiert die schnellste Rollout-Strategie unter Verwendung ihres 'eins zu vielen'-Ansatzes. Die Plattform nutzt Echtzeit-Finanzdaten und KI-gestützte Risikobewertungen, um den Hypothekenentscheidungsprozess für kanadische Kunden zu transformieren.
- Rapid adoption with ~200 private lenders and MICs onboarded in just one month
- Successful integration of multiple solutions (IBV, AML, Risk Scoring) with Mortgage Automator
- Fastest roll-out strategy achievement using 'one to many' approach
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRF) (FSE: 2V00) ("Inverite" or the "Company"), a leading AI-driven software provider utilizing real-time financial data to empower credit facilitators to transact more effectively with consumers is excited to report the rapid adoption of Inverite's proprietary Open Banking Platform with Mortgage Automator's private lenders and Mortgage Investment Corporations ("MIC's). In just over one month since Mortgage Automator went live on the Inverite Open Banking Platform, approximately half of its private lenders and MIC's have gone live with Inverite's Instant Bank Verification ("IBV"), Anti-Money Laundering ("AML") and Risk Scoring solutions that Inverite's Open Banking platform offers lenders and has been seamlessly integrated into Mortgage Automator's platform.
To-date this has been our fastest roll out strategy utilizing the "one to many" approach in offering our proprietary products to enhance the credit industry to more successfully transact with consumers. This integration and adoption are true testaments to how our alternative data and products far exceed what traditional credit scores provide the industry in the adjudication process. With the utilization of the Company's real-time financial data and AI-powered risk scoring, private mortgage lenders and MIC's across Canada are transforming the mortgage adjudication process and decision-making for its Canadian clients.
"This rapid adoption onto our platform and access to our products is an enormous vote of confidence to everyone at Inverite and their focus in the development and deployment of key data products for the credit economy. We truly believe this is just the beginning of the ripple effect on how open banking will change the future on how lenders and consumers better transact in the Canadian credit economy," said Karim Nanji, CEO of Inverite. "Inverite and its proprietary platform and products are well positioned to continue and accelerate garnering market share in alternative lending for non-prime and underbanked consumers."
Joseph Fooks, Founding Partner, Chief Strategy Officer of Mortgage Automator, stated: "This rapid adoption amongst our client base echoes our mission statement to provide them with the most innovative tools to streamline their operations, along with meeting regulatory requirements and delivering timely service to their consumers."
Inverite's unique real-time bank data solutions, coupled with its AI-driven risk scoring capabilities, enable businesses to gain deeper insights into a borrower's financial health. The platform's ability to deliver highly accurate risk assessments and credit recommendations is poised to revolutionize the mortgage approval process in Canada and beyond.
About Mortgage Automator
Mortgage Automator is the most advanced end-to-end loan origination and servicing software platform ("LOS" and "LMS") for private lenders. Mortgage Automator has been assisting hundreds of mortgage professionals automate and streamline their processes from application to funding and beyond. Its innovative platform allows for rapid scalability and efficiency in mortgage operations. The company has achieved the industry's top accolades for product innovation and customer service including Innovator of the Year by The Mortgage Awards of Excellence and Industry Service Provider of The Year by The Canadian Mortgage Awards. To date, Mortgage Automator has funded in excess of
For further information about Mortgage Automator, please visit: mortgageautomator.com
About Inverite Insights Inc.
Inverite Insights Inc. ("Inverite") (CSE: INVR) (OTC Pink: INVRF) (FSE: 2V00) is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over 20 billion financial data points from more than five million unique Canadian consumers transactions, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance.
For further information about Inverite Insights, please visit: inverite.com
ON BEHALF OF THE BOARD
Mike Marrandino, Executive Chairman
T: (855) 661-2390 ext. 104 Email: ir@inverite.com
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FAQ
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