Mortgages in 47 seconds: Better’s new ChatGPT app targets lenders Rocket and UWM

Better.com has partnered with OpenAI to create a ChatGPT app that dramatically speeds up mortgage underwriting, reducing the process from 21 days to as little as 47 seconds by using AI models to run multiple workflows in parallel. The app combines Better's mortgage engine with OpenAI's language models to help loan officers at banks, brokers, and fintech firms process mortgages faster and cheaper. This AI-powered approach is positioning Better as a "mortgage-as-service" platform that could reshape the mortgage industry by enabling competitors to undercut larger players like Rocket Mortgage and United Wholesale Mortgage.