Tembo has released details of its new AI-driven mortgage criteria tool.
The tool, called Tembo AI, has been trained on data from over 30 lenders and 6,000 pages of criteria content as well as all content available on the Tembo website to provide answers to a wide range of mortgage questions.
Users can ask Tembo AI general mortgage questions like “What is a JBSP mortgage?’” and specific criteria questions, for example “What’s Accord’s maximum LTV?”
Tembo AI is the first AI-driven product that Tembo has developed. It is part of the company’s wider strategy of harnessing AI in order to enhance the customer experience, while ensuring Tembo brokers have the most up to date information at all times.
Eddie Ross (pictured), co-founder of Tembo, said: “AI has the potential to completely transform the mortgage industry, and at Tembo this internal criteria tool is just the beginning of our journey.
“We have some big product releases already in the pipeline. Combining cutting-edge technology with human, customer-centric service has always been at the heart of what we do. AI offers an exciting new opportunity for us to make some big moves.”