TD Bank AI Slashes Mortgage Wait Times

TD Bank has revolutionized its mortgage application process by implementing an agentic artificial intelligence model. This new system significantly reduces the time it takes to process applications, transforming a previously lengthy procedure that involved an average of 15 hours of waiting before human underwriter review. The AI now handles document classification, data extraction, and validation, bringing the pre-adjudication time down to under three minutes. This advancement aims to eliminate the traditional waiting period, offering a much faster and more efficient experience for mortgage applicants.