Partnering with Gateless: Maximum Efficiency

Ashley Kaleimamahu discusses the massive time-savings and efficiency gains Gateless Smart Underwrite® brings to the underwriting process.

In this video, Ashley Kaleimamahu from Town Square discusses the benefits of partnering with Gateless, focusing on how their “Smart Underwrite®” feature enhances efficiency for loan processors and underwriters [00:05].

The key benefits highlighted are:

Time Savings: The Smart Underwrite® tool automatically reviews and cross-compares all loan documentation, such as VOEs and bank statements [00:19]. This eliminates the need for a processor to manually check every detail, saving a significant amount of time [01:12].

Automated Verification: Smart Underwiter® looks for mismatches in borrower names, employer names, and employment start dates across different documents [00:40]. It also calculates income, reconciles bank balances, and flags large deposits [00:54].

Clear Actionable Checklists: Instead of manual verification, the system provides a clear checklist of conditions and issues that the processor needs to address [01:17].

Efficient Income Calculation: The tool provides a clear income calculation that, if eligible, can be used directly to run loan findings, bypassing the need for manual data entry into separate worksheets [01:29].

The representative emphasizes that by automating small, minute-long tasks, Gateless helps Town Square save up to 30 minutes on every file [02:16].