Zest AI's Credit Models Proven to Increase Loan Approvals for Every Protected Class
LOS ANGELES, Jan. 31, 2024 /PRNewswire/ -- Zest AI, the leader in AI-automated underwriting, has grown extensively in the past four years as more and more lenders have implemented its patented technology that has proven to significantly increase loan approvals for protected classes. Zest AI has helped lenders increase approvals by 49% for Latinos, 41% for Black applicants, 40% for women, 36% for elderly applicants, and 31% for AAPI applicants, all while holding risk constant.
- Zest AI has helped lenders increase approvals by 49% for Latinos, 41% for Black applicants, 40% for women, 36% for elderly applicants, and 31% for AAPI applicants, all while holding risk constant.
- Our AI-automated underwriting can accurately assess 98% of American adults, significantly increasing loan approvals with no increase in risk."
- Zest AI has helped lenders assess over 39 million consumer loan applications in the last four years, resulting in $250 billion in loans granted based on Zest AI's models.
- Zest AI has a 100% retention rate for its credit union customers and an NPS score of 81, which is among the top 1% of all companies.