The Algorithmic Lender: How AI and Machine Learning are Transforming Loan Underwriting
For decades, the process of getting a loan was shrouded in the mystery of the three-digit credit score. This number, a summary of your financial past, was the primary gatekeeper for mortgages, car loans, and personal credit. If your FICO score was strong, the gates opened. If it was weak or non-existent, they slammed shut. … Read more