Generative AI May Reshape the Consumer Loan Underwriting Landscape

5 minute read | August.07.2023

  • Partner Jerry Buckley authored this (subscription required) American Banker article outlining how generative AI may “reshape the dynamics of consumer loan underwriting.”
  • “GenAI could empower consumers to engage directly with lenders, helping consumers understand how their personal financial data is used to determine the price and availability of loans they are being offered and to learn what factors or behaviors might produce better financial outcomes,” the article notes.
  • The article predicts an AI collaborative underwriting model could transform the consumer underwriting experience.