General World News

Sun West unveils NFT loan powered by AI technology

Loan originator and servicer Sun West Mortgage Co. Inc. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

The NFT is property agnostic, backed by real dollars and guaranteed by Sun West, which is one of the largest nonbank mortgage companies in the country, licensed in 48 states with a network of some 80 retail branches. It puts homebuyers holding the NFT in the position of making an all-cash offer to a home seller, according to the Buena Park, details ⇒

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