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December 2023 » thefivestar.com 5 December 2023 M T E C H LENDESK HARNESSES ARTIFICIAL INTELLIGENCE WITH LENDER SPOTLIGHT AI ASSISTANT L endesk Technologies, a part of Rocket Companies, unveiled the launch of its Lender Spotlight AI Assistant. The product sifts through a da- tabase containing thousands of mortgage policies from lenders across the country, delivering answers to intricate questions. Lender Spotlight AI Assistant simpli- fies the complex world of mortgage pol- icies by providing solutions to brokers' most challenging questions, showcasing mortgage options from various lenders that fit a client's specific needs. "This product is designed to be an indispensable tool for mortgage professionals," said Carter Zimmerman, President of Lendesk. "Lender Spotlight AI Assistant is set to propel the mortgage industry into the age of artificial intelli- gence, with an initial focus on simplify- ing the complexities of mortgage policies. The tool offers unmatched insights, en- abling mortgage brokers to swiftly iden- tify policies ideally suited to their clients' specific needs. Instead of spending hours sifting through thousands of options or contacting lenders for information, brokers can receive immediate, accurate responses within seconds." Traditionally, brokers manually read through numerous policies to find the appropriate product for their clients, taking away precious time from working directly with homebuyers and owners. Uncovering specific policies from lenders happens almost instantly with Lender Spotlight AI Assistant, enabling brokers to focus on the most important part of their job: building relationships and giving expert guidance to their clients. Lender Spotlight AI Assistant can be utilized in a variety of ways, equipping brokers to customize their experience and search based on their needs. If a bro- ker knows the specific product they are looking for and has a lender in mind, the Lender Spotlight AI assistant can scan only that lender's programs and policies to offer solutions. If a broker is looking for a broader recommendation—for instance, how to account for spousal support, rental properties, or invest- ments—or perhaps is not yet as familiar with niche policies from various lenders, the Lender Spotlight AI Assistant can do the work to offer a variety of solutions that might fit a client's parameters. "As one of the first companies to test this transformative technology, we have been extremely pleased with the results," said Hash Aboulhosn, President of Rock- et Mortgage Canada. "Our top priority is providing excellent client service; this tool helps lessen time spent searching through lender products, empowering our agents to streamline their workflow and assist clients more knowledgably and quickly." SUNDAE ANNOUNCES HOMEOWNER PORTAL TO PUT SELLERS IN CHARGE S undae announced the launch of its Homeowner Portal, designed to make Sundae's product offering more transparent, fair, and easier to use. Selling your house as-is to a cash buyer is a manual, offline process. Home- owners are reliant on phone, text, and email communication with individual prospective buyers to navigate the pro- cess, one tedious step at a time. Sundae's new online portal keeps sellers informed as the company works to bring offers to homeowners who want to sell off-market. "Sundae's Homeowner Portal puts sellers in the driver's seat," said Josh Stech, CEO and Co-Founder of Sundae. "In real time, sellers can see what often amounts to hundreds of competing offers. This gives sellers confidence that they got the fairest possible price for their home." Key features of Sundae's new Home- owner Portal include: » Follow along as Sundae markets your property to hundreds of local property investors » Schedule a call with your dedicated Market Expert » Sundae collects photos, 3D tours, and home inspections (if applicable) via a property visit » eSign documents » View interest in your listing in real-time, including the number of views, number of total offers, number of investors who place offers, and offer dollar amounts » View recent Sundae home sales in your neighborhood, including the number of offers and investors who bid "It's quick, it's easy, it's free, and now it's fully in your control," Stech said. WOLTERS KLUWER LAUNCHES SMALL BIZ WIZ W olters Kluwer Compliance Solutions has launched Small Biz Wiz, a system designed to support new requirements in the collection, reporting, and analysis of small business lending data. Small Biz Wiz provides financial institutions with a new analytics tool for their small business lending portfolio. It joins the list of software offer- ings that provide analytics insights for compliance with Fair Lending, the Home Mortgage Disclosure Act, and Communi- ty Reinvestment Act regulations. Small Biz Wiz provides functionality for institutions in complying with final regulations issued by the Consumer Financial Protection Bureau (CFPB) that implement amendments to the Equal Credit Opportunity Act under Section 1071 of the Dodd-Frank Wall Street Reform and Protection Act. The solution is built on Wolters Kluwer's CRA Wiz SaaS and HMDA Wiz platform, enabling technology that integrates into a financial institution's data collection processes. Small Biz Wiz supports the collection and reporting of all the small business loan data elements required by the CFPB's regulation, including application dates, loan amount, pricing information, details about the business, and informa-