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TidalWave CEO Diane Yu on Building an AI-First Company
The startup is focused on making artificial intelligence a ‘white box’ for mortgage lenders. Editor in Chief Sarah Wheeler sat down with Diane Yu, co-founder and CEO of TidalWave, to talk about the benefits of building an AI-first company in today’s business environment.
October 04, 2024
Nation’s biggest mortgage lender, UWM, jumping on AI bandwagon
Although it doesn’t work directly with consumers, this year UWM has rolled out AI tools to help mortgage brokers serve both homebuyers and homeowners who might benefit from refinancing. From lenders to loan servicers, the mortgage industry is embracing AI, and the nation’s largest provider of home loans is no exception — even though it’s a wholesaler that works with mortgage brokers and not directly with consumers.
October 02, 2024
Figure now using OpenAI’s GPT to speed HELOC doc review process
When combined with a newly launched chatbot powered by Google Gemini, Figure says AI-powered doc review to save $8M while raising customer satisfaction scores. Home equity line of credit giant Figure says it tapped 1.7 million pages of originations data spanning six years to train an AI document review tool that’s cut manual upfront document review labor by 93 percent while raising customer satisfaction scores.
September 30, 2024
Why a Half-Point Rate Cut Could Overwhelm Understaffed Lenders Due to Demand
With the Federal Reserve announcing its first interest rate cut in years, mortgage demand has surged by 14%. On the surface, this might seem like good news for both lenders and homebuyers. But for many lenders, already struggling with understaffing and outdated systems, this spike in demand presents serious operational challenges.
September 19, 2024
TidalWave’s SOLO™ now ups the game of serving the lending community with both Fannie Mae and Freddie Mac integrations
TidalWave.ai, a leading innovator in the financial technology sector, is proud to announce TidalWave’s SOLO™ integration with automated underwriting system (AUS) from Fannie Mae’s Desktop Underwriter® (DU®) weeks after it integrated with Freddie Mac’s Loan Product Advisor®(LPA℠).
September 12, 2024
How mortgage underwriting’s thorniest issues could be solved with AI
While lending volumes may have fallen from the heights of a few years ago, a mortgage fintech is rolling in, looking to tap into the opportunity presented by the surge of generative artificial intelligence. Formed in 2022, Tidalwave plans to employ AI that provides real-time answers for loan underwriting that will lead to a more equitable origination process. Tidalwave was co-founded by longtime technology executive Diane Yu, who also heads the firm as CEO.
September 05, 2024
Y Combinator’s Paul Graham Unleashed ‘Founder Mode.’ The Tech World Has Some Thoughts
An essay by Y Combinator co-founder Paul Graham is sparking debate about managerial philosophies in tech this week. The piece examines what the famous investor calls “founder mode.” It occurs when startup founders are heavily involved in most, if not all, daily operations of their companies. The other side of the organizational duopoly described by Graham is manager mode, which adheres to a Stanford business school approach: delegating to subordinates and hiring the best people so they can do their thing.
September 05, 2024
TidalWave.ai. strengthens leadership following Freddie Mac collaboration, appoints mortgage industry veteran as Head of Sales Engineering
TidalWave.ai, a financial technology SaaS company co-founded by former CTO of Better.com Diane Yu, today announced the appointment of Chris Olsen as the new Head of Sales Engineering. This appointment follows TidalWave.ai’s recent announcement that its AI-powered copilot engine, SOLO™ is now integrated with Loan Product Advisor® (LPA℠), Freddie Mac’s automated underwriting system (AUS).
August 29, 2024
TidalWave collaborates with Freddie Mac to optimize lender and borrower engagement in real-time
August 12, 2024