A new digital home loan lender, Beeline, has been launched using both artificial intelligence and personal loan guides as it enters its initial markets of Washington, D.C.; Florida; Maryland; Massachusetts; Rhode Island; Texas; and Virginia.
Beeline links directly to a user’s personal bank, employment and pay information, and tax history, using machine learning to create a purchase-ready or refi-ready approval, retrieving numbers directly from the third-party source as opposed to estimated information from the user. The lender claims it can provide approvals in as little as 15 minutes.
