Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae, Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”
Tinman Marketplace, as it has been dubbed, will be powered by Palantir’s Foundry operating system, which Better says will automate 70% of the mortgage process.
The digital lender said it would turn “archaic rate sheets” and mortgage eligibility PDF files into a thing of the past. It would be paired with the lender’s existing investor and pricing matching details ⇒
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