In the old days, if you're old enough to remember when you had a savings account, you had a little passbook where you make a deposit and you had your copy of your paper passbook. Then you take that data and you put in the blockchain and once you do that, it's immutable. There's a permanent record and everyone knows what the truth is. That way, you don't have a situation where someone tells the buyer one thing in the seller or something else. What's in the chain? Then the buyer and seller are voting out exactly what the ball is. The AI creates truth. Blockchain's job is in to say this is true or not.
Patrick Donley sits down with Pavan Agarwal about how his company, Sun West Mortgage is using artificial intelligence to improve the mortgage underwriting process with a product they call Morgan. Morgan utilizes what's called empathetic technology to expedite and enhance the entire loan approval process.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:09 - The lessons Pavan learned from his father on running a business.
04:05 - How he learned about both real estate and the mortgage industry from a young age.
14:14 - What empathetic technology is.
22:56 - How Morgan can enhance the underwriting process.
33:19 - Why Morgan benefits buyers, sellers, and realtors.
34:12 - What it was like creating a Super Bowl ad for Morgan.
46:56 - How AI will continue to disrupt the real estate industry.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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