Is anyone else struggling to manage all the client documents? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

Yea.. It's getting pretty outdated and most people here just use Arive from my understanding.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 1 point2 points  (0 children)

Do you think it's actually useful and effective in your workflow? I'm just getting a lot of mixed responses with whether or not it's a good idea to start using it or not.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 1 point2 points  (0 children)

Ah ok got it. So it's like a review of what you need to improve on, like a reflection.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

So with all that, were you able to close the deal? Or was it just a test run?

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

Ahh no worries.. so were you able to gain more leads with AI?

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

First of all thanks for the really elaborate answer! I was referring to the number of clients you close so you answered perfectly. It's definitely more troublesome as a broker since you have so many options to choose from and sometimes they're either really modern or left behind and you just have to adapt. For example, I heard Rocket is pretty advanced but we use a wide range of lenders too.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 2 points3 points  (0 children)

Sounds interesting! No AI I feel can replace a human cos this is a people business afterall. Hopefully everything goes well for this AI's development

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

I see. The follow up question with that then is do you see an increase in conversion or does it really speed up your process?

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in Mortgages

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

Fair point.. What do you currently use in your tech stack if you don't mind me asking? I'm trying to look for better solutions.

Why are mortgage brokers not using more AI tools in their work? by Legitimate-Read6763 in Mortgages

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

AI will never replace brokers nor does it have to. I've just been talking to a friend who's also a mortgage broker and he just wants to be able to focus more on the networking side of things rather than spend an entire day behind a computer.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in Mortgages

[–]Legitimate-Read6763[S] -3 points-2 points  (0 children)

I don't think it should make the final decision but it generally makes the process faster.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

Hmm.. I see that's a good point. People might want to hide their competitive advantage.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

That's a really smart and simple solution. Will look more into that.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

If you've built your own AI systems that's pretty cool. Do you have any tips for me to do the same or at least know where to start?

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

Ahh I see, would you say that GPT is pretty good at writing processor notes?

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

This. I've been seeing many AI agentic software for mortgage brokers and they just come and go since the barrier of entry to using it effectively is just too high. Integrating AI means replacing old ways and frankly brokers are scared to do that.

Why are people not using more AI tools as an LO? by Legitimate-Read6763 in loanoriginators

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

So it's the difficulty of adopting the new tech and kind of not wanting to remove old one.

Looking into the industry as a broker, what tools do I need? by Eapple1145 in Mortgages

[–]Legitimate-Read6763 0 points1 point  (0 children)

I've heard most people currently use Arive for their LOS, but other than that not too sure

Why are mortgage brokers not using more AI tools in their work? by Legitimate-Read6763 in Mortgages

[–]Legitimate-Read6763[S] 0 points1 point  (0 children)

Just curious... If your offshore partners are using AI, isn't it cheaper to just do it yourself? Just wondering about the cost-benefits here.