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Gateless

HW Tech100

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Gateless combines expert systems, robotic process automation (RPA) and patent-pending machine learning and vision-based artificial intelligence (AI) to deliver intelligent, real-time automation of key mortgage lending processes. The company’s solutions, including Smart Underwrite and VeriClear, do this by performing tasks and making decisions that would otherwise be managed by human beings, immediately. The results: reduced operating costs, faster loan approvals and reduced risk of repurchase.

For years, the mortgage industry has been on a quest to modernize the mortgage origination process, with the top priorities being cost reduction, a better borrower experience and the reduction of risk. Now 25 years into that journey, with billions invested in various technology solutions, the industry sees the cost to originate a loan at an all-time high, the time to approve or close a loan unchanged and checkers double-checking checkers to ensure the loan quality in manufacturing. The team at Gateless believes the answer is simply a lack of true automation that can only be solved with intelligent, real-time automation, completing tasks otherwise performed by humans.

Company Website:

https://gateless.com/

Markets Served:

Loan Origination

Company HQ:

Chicago , IL

3d rendering of a row of luxury townhouses along a street

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