Underwriteai

Underwrite.ai applies advances in artificial intelligence to provide lenders with non-linear, dynamic models of credit risk.

Underwrite.ai was founded in 2015 by Marc Stein based upon his experience developing underwriting systems for companies including JP Morgan Chase (consumer lending), Freedom Debt Relief (debt settlement) and LeaseQ (equipment leasing) over the past 20 years. The genesis of the idea which led to Underwrite.ai was an effort to build an arbitrage technique for purchasing peer lending assets by determining which high interest loans should actually have been given lower risk rating by the lenders. Through this work, they discovered that a significant percentage of peer lending assets were miss-priced. This allowed us to build a portfolio of peer lending assets with an average yield of over 20% which defaulted at the same rate as A class assets. This generates a return of approximately 20% on Lending Club and Prosper assets.