“It's easier for an underwriter to say no, mainly because if you say no, you don't get fired. … The difference between what we do is we just don't say no. We provide you with the conditions and how to cure that, either with templates, we do an inquiry on the issue, we figure out how to address that problem, which is something that you don't usually get.”
What Comes Next with Arun · October 2026
Context
Asked why he built his own AI underwriting engine, Stewart said he had been on the receiving end of rote rejections as a borrower. His platform returns the conditions and a path to approval instead of a bare decline.
Transcript
…a week ago. Yeah, it's just a bad experience, man. And we really don't want to purport those things. So I do a really good job of having that transparency both to our partners, but also to our clients so that we're echoing the same message consistently throughout the process, if that makes sense.
…they still exist for a reason because this process is pretty complicated. And in the Port Large Bank, that like, you know, why rebuild something that's still working, right? So the process is pretty complex. And that's the reason why there are very few vendors who kind of provide that, right?
…I went out and I got probably 30 to 40 gigs of best practices, lessons learned, mortgage, non-QM, FHA, GSC, conventional, VA, just the whole shooting match of how to underwrite these deals. If you talk to any of our 200 some brokers that are registered on our platform, they will tell you that our underwriting rivals Bank of America. We have on par probably the best underwriting in the country. The difference between what we do is we just don't say no. We provide you with the conditions and how to cure that, either with templates, we do an inquiry on the issue, we figure out how to address that problem, which is something that you don't usually get. So we don't sacrifice compliance, even though our mortgages or our lending notes are non-QM. They still have background checks. They still have minimum FICO. They still have experience verification. They still have liquidity verification. They still have first lien mortgages. Because at the end of the day, we sell these notes to banks and private credit institutions. They have to conform. They…
position to be successful
because we just provide people data. We provide people a process that they can be successful. And if they need, you know, they have additional questions, they can schedule a call and we'll go through it with them. Right. Again, I don't know what kind of impact that does on the industry as a whole.…
Yeah, no, speaking of legal, you hit on an important point. Compliance is a big part of the financial services industry, right? This is, you know, financial services is probably the most regulated industry next to probably healthcare. You know, and one of the reasons why I have seen financial…