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 local lending company soar


The Seattle Times: Business & Technology: Local lending company soars after flying "under the radar"

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Since 1995, Sapp said, MILA has invested $50 million in a software system that relies on artificial intelligence to automate the underwriting process. Mortgage brokers use the program to enter a borrower's income, length of employment and other financial data up to 250 parameters in all to get a commitment on a loan within 10 seconds.