Gateless leverages cutting-edge technologies like expert systems, robotic process automation (RPA) and patent-pending AI to automate complex mortgage processes, including underwriting. Its flagship solutions, Smart Underwrite and VeriClear, analyze loan data in real time, reducing manual tasks and expediting approvals. VeriClear automates income data extraction and analysis, minimizing human error and ensuring accurate, efficient processing.
Gateless addresses long-standing challenges in the mortgage industry, such as high origination costs, stagnant approval timelines and manual quality checks. By introducing real-time underwriting automation, Gateless enhances operational efficiency, reduces errors and improves the borrower experience. Smart Underwrite® streamlines workflows by instantly analyzing credit, income and asset data, eliminating the need for back-and-forth communication and manual intervention.
VeriClear integrates with Freddie Mac’s AIM Check API, offering lenders real-time income calculations and representation and warranty relief eligibility. This innovation reduces costs and accelerates the loan process, giving borrowers a competitive edge.
Gateless has processed over 500,000 applications, closing more than 100,000 loans while reducing underwriting workloads by 70%. Its solutions have cut loan approval timelines by an average of five days, resulting in up to $1,000 in financial benefits per closed loan. With a growing client base and unmatched accuracy, Gateless is transforming mortgage operations through intelligent automation.
