Better Integrates OpenAI To Automate Mortgage Underwriting

Better, an online mortgage platform, has partnered with OpenAI to launch a ChatGPT app that accelerates mortgage and home-equity underwriting, CNBC reported on Thursday. Company executives say the integration reduces average underwriting time from about 21 days to as little as 47 seconds by running parallel workflows across appraisals, title, income and credit checks. Better presents the tool as a mortgage-as-a-service product for lenders and fintechs, potentially lowering consumer costs.