Can AI Cut Mortgage Origination Costs Below $125 a Loan
AngelAi creator Pavan Agarwal discusses how artificial intelligence may help bring mortgage origination costs below $125 a loan.
Can AI Cut Mortgage Origination Costs Below $125 a Loan
AngelAi creator Pavan Agarwal discusses how artificial intelligence may help bring mortgage origination costs below $125 a loan.
What The Post Says
On the Chrisman Commentary podcast, Pavan Agarwal explains how automating document review, income calculations, and approvals could change lending for loan officers and homeowners alike. He also describes how complex, smaller loans that lenders often turn away can become viable through this kind of automation. The full interview starts at the 5:00 mark and can be heard at Chrisman Commentary.
Why It Matters
Origination costs shape what lenders can offer and what loan officers can take on. Document review, income calculations, and approvals are the manual steps that usually push those costs up, and automating them is the target here. Bringing that cost below $125 a loan may help smaller or more complex loans that lenders typically pass on start to look viable again.
That is the real shift Agarwal describes: not just a lower number, but more loan officers who may be able to say yes to borrowers they would otherwise turn away. Hear the full reasoning in the interview.