Thursday, November 7, 2019

Mortgage Lender Uses AI to Expand Home Ownership

Born of a unique tech startup builder called Entrepreneur First — a “talent investor” that pairs up smart strangers and helps them develop whatever company idea they come up with — Proportunity uses AI based on Intel technologies to find London properties that are poised to appreciate in value. The company then offers a sort of “bridge loan” for first-time buyers who can afford the monthly payments but don’t have enough for the down payment that traditional lenders require.