Jul. 8 at 1:30 AM
$FRTU Their new AI system for intake, underwriting, risk assessment has cut the process time from approximately 3 hours to about 5 minutes per application. That's a 97% reduction in processing time, while maintaining quality. With that kind of step level improvement, they for sure can grow into a much higher funding volume and valuation. They could even underwrite for other companies wanting to get into the MCA space with this kind of system.
