Rate Intelligence platform launch with Gateless and Prajna partnerships
Rate announced strategic technology partnership with Gateless Inc., Prajna Inc. on October 23, 2024.
- Primary
- Rate
- Counterparty
- Gateless Inc., Prajna Inc.
- Amount
- $100M
- Structure
- strategic technology partnership
- Date
- October 23, 2024
- Sub-sector
- Mortgage Tech
Rate leverages AI/underwriting partners to automate mortgage origination, reducing approval times from weeks to minutes and cutting processing costs by $900-$1,200 per loan.
Source: housingwire.com