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The Orlando-based developer of a mortgage lending advisory platform launched its product last summer and this year expects rapid growth. Home Lending Pal uses AI-based mortgage advising and will launch a mobile app.
Home Lending Pal is gearing up for a year-long pilot program that includes banks and credit reporting firms. The program will use blockchain technology so users do not have to disclose certain personal information, like race, early in the process. To help fund this pilot, the company is preparing to raise $10 million from investors this year, Young said.
