News Summary

• A mortgage approval can now be generated by artificial intelligence in a matter of minutes.
• Pavan Agarwal says AngelAi can make the lending decision while a licensed financial institution remains responsible for originating the loan.
• He has said the higher-value application is using AI to perform work such as income calculation, document review, and analysis of extensive lending regulations.
• The company's current examples include self-employed borrowers and Schedule C income, with one published scenario showing document reading, analysis, and a warranty step completed in less than 10 minutes.